NG Bailey has announced its financial results for the year to 24 February 2012, reporting a pre-tax profit of £7.2m and an increase in turnover of 12 per cent to £464m.
NG Bailey chief executive David Hurcomb commented: “This is a strong result in what has been a very challenging environment, not just for us, but for UK industry as a whole.
“There are a number of reasons for the positive result, including a reduction in operating costs as we move towards being a leaner business and an improvement in trading across all of NG Bailey’s divisions – with every single one returning a profit for the year.”
In 2011 the business launched a strategy that would see it make more of its full suite of capabilities.
Through its five divisions, the company says its design, build, operate and maintain approach enables customers to benefit from a wide range of services that have the ability to reduce build cost, shorten build times and reduce overall operational and energy costs.
This approach has also helped the group realise significant wins in its preferred sectors, resulting in a record forward order book of £0.75bn.