Keltbray sees turnover soar 25% to £272m

Grant Prior 7 years ago
Share

Demolition and engineering specialist Keltbray has reported a strong surge in business.

Keltbray boss Brendan Kerr has helped establish the firm as one of the country's largest specialist contractors
Keltbray boss Brendan Kerr has helped establish the firm as one of the country's largest specialist contractors

Latest results for the year to October 31 2015 show turnover up from £216.9m to £272.3m as gross profit improved by £7.8m to £45.4m.

Keltbray made an improved margin of 4.3% during the year as employee numbers topped the 1,000 mark.

Turnover at the three main operating divisions was: Demolition & Civil Engineering (£202m), Rail (£54m) and Environmental Materials Management (£16m).

Keltbray’s Demolition & Civil Engineering business stream contains its piling business which enjoyed a surge in revenue during the year to £35m from £20m last time.

Keltbray Group Chief Executive, Brendan Kerr said: “Keltbray was formed as an earthmoving and groundworks company in 1976, and it is pleasing to see how we have grown to become an award-winning specialist contractor with a £270 million annual turnover and more than 1,000 employees in our 40th year.

“Over the past four decades Keltbray has helped facilitate some of the largest and most iconic construction projects in the country, including The Shard and The Queen Elizabeth Olympic Park Stadium and on major infrastructure projects such as Crossrail and the electrification of The Great Western Mainline.

“We are now firmly established as one of the country’s largest specialist contractors and are proud of the continued strengthening of our business.”

Latest news

Developer dumps Henry Construction from London tower job

Growing list of subcontractors and suppliers complain they have not been paid
13 hours ago

HS2 construction shake-up sees main contractor changes

Align to take over responsibility for parts of the route previously under the control of EKFB
13 hours ago

Claritas Group heading for liquidation

CEO of £50m turnover contractor confirms news and thanks staff and suppliers
13 hours ago

Go-ahead for clutch of major jobs to reboot Manchester

Two biggest high rise projects at Bridge Street and Medlock Street to cost £575m to build
13 hours ago

Plan for major NHS estate green upgrade framework

NHS Shared Business Services starts early consultation with firms on decarbonisation retrofit plan
13 hours ago

Willmott Dixon signs £34m revamp of DfE headquarters

Grade II Sanctuary Buildings in Victoria will be modernised and made energy efficient
13 hours ago

£500m southern highways framework up for renewal

Ten firms face fight to retain places on major councils roads framework
2 days ago

Engineering losses halve Briggs & Forrester profit

Main engineering services arm suffers £1.6m loss
2 days ago

Plans in for University of East London campus expansion

Work to start in early 2024 on 280,000 sq ft Stratford teaching and student rooms scheme
2 days ago

CITB told to improve by Ofsted inspectors

Number of in-house apprentices drops as training body changes business model
2 days ago

IHP wins £100m Derbyshire mental health projects

Vinci/McAlpine JV will build two 54-bed Adult Acute Care units
2 days ago

Align hits key milestone on HS2 Colne Valley viaduct

Engineers rise to the challenge to complete first V-piers in lakes
2 days ago

£9.3bn race starts for National Grid construction partners

Plan for Great Grid Upgrade Partnership to be set out at bidders day in early June
3 days ago

Plan approved to redevelop major Glasgow shopping mall

Outline plan backed for demolition of St Enoch centre for over 900 homes, shops and leisure space
3 days ago

Banned demolition boss wins appeal to remain a director

Paul Cluskey wins Court appeal to remain director of Cantillon but steps down as MD
3 days ago

B&K confirms £140m Leeds build to rent project

Work to start on Whitehall Riverside twin blocks for client Glenbrook
3 days ago

McLaren Property to revamp Liverpool roller skating site

242-bed student scheme unveiled for sensitive site
3 days ago

Wates names Midlands construction chief

Matt Johnson promoted after just 10 months at family-owned builder
3 days ago

Glencar lands £28m Peel Ports Liverpool shed job

240,000 sq ft Alexandra Docks warehouse will be five football pitches long
3 days ago

Private equity giant buys United Living

US based investment group Apollo makes latest swoop on UK construction market
4 days ago

Quartet secure Thirteen Group £500m new homes deal

Esh, Morris & Spottiswood, ReGen and Henry Boot secure spots on new build framework
4 days ago

Luton Town FC to start new stadium before end of 2023

Talks already underway with contractors ahead of submission for detailed planning this summer
4 days ago

Plans for renovation of historic Cardiff Market

Subject to planning and final funding work could start next year
4 days ago

£53m race to cut Magnox reactor buildings down to size

Trawsfynydd reactor buildings to be reduced in height by a third
4 days ago

Cyclist dies in lorry collision outside Keltbray site

Work shut down after fatal collision with truck delivering to central London site
1 week ago

Another demolition director banned after bid rigging probe

Brown and Mason boss becomes fourth director disqualified after cartel investigation
1 week ago

Five hospitals at risk of collapse added to new build programme

Weak concrete crisis and soaring costs force £20bn hospital programme rethink
1 week ago

Scottish South West Hub names new partners

Balfour Beatty joins construction partners for first time
1 week ago

RC frame specialist Getjar revenue tops £100m again

Profit margins nearly halved in face of labour and material price rises
1 week ago

London’s Camden Council advances £470m King’s Cross scheme

Camley Street scheme to consist of 350 homes and 200,000 sq ft of offices
1 week ago

Contractor services