Bardsley mid-rise move lifts revenue a third

Aaron Morby 6 years ago
Share

Manchester builder Bardsley Construction is seeing the fruits of a move into mid-rise building work and projects up to £20m.

Managing director Paul Strutt and chairman Roly Bardsley see healthy year ahead
Managing director Paul Strutt and chairman Roly Bardsley see healthy year ahead

Turnover last year jumped a third to £68m helping to lift pre-tax profits from £820,000 in 2016 to £1.1m.

Operating margin remained stable at 1.7%.

Managing director Paul Strutt said Bardsley was looking forward to another healthy year in 2018.

The firm has a pipeline of secured contracts worth more than £60m with a further £12m due to be confirmed by June.

Bardsley is also hoping to build on its extended regional spread in Yorkshire and the Midlands.

The buider responded to public sector spending uncertainty by chasing student accommodation, private rental housing and the leisure schemes.

Strutt said: “The business is now regularly competing for projects in the midrise market and for contracts of £20m or more and this is evidenced with Bardsley currently having a number of major projects in the heart of the city centre in Manchester and Liverpool.”

Roly Bardsley, chairman of Bardsley Construction, said the firm had benefited from reducing its reliance on the provision of affordable housing, partly because that market “remains slow to react to the constant pleading towards the public sector enablers to build more homes”.

He said: “The delay in public sector work in 2016 continued into 2017 with the only real change being the healthier enquiry levels for elderly care” adding that Bardsley would “continue to specialise in education, elderly care and all aspects of residential development.”

Bardsley, which employs 184 staff, is on 13 major delivery frameworks with a total value of billions of pounds with the firm’s diversification strategy meaning it is not reliant on a particular client or sector.

Bardsley revealed that its average payment days to suppliers improved from 46 day to 43 days over the year. Cash at the end of the year was strong at nearly £9m.

Recently Bardsley wins

Riverside House, a £5m office forming part of the wider New Bailey scheme at Salford

£11.5m contract with retirement developer Adlington for 55 flats in Southport

£9.75m contract to construct 72 flats for Regenda Homes at Fleetwood on the Fylde Coast

74 flats and family homes for Your Housing Group at Nuvu Covent Garden Village, Stockport

£15.5m contract for nine-storey for AC Hotels by Marriott hotel with 172 rooms on Cable Street, Manchester

£27.6m scheme of 135 private rental flats for developer Mulbury on the corner of Port Street and Great Ancoats Street in Manchester

£6.2m student accommodation development of 103 ensuite studio apartments, Matilda Street, Sheffield

£6.7m contract to refurbish and extend The Joseph Priestley Building at the University of Huddersfield

Latest news

Former Crossrail boss Mark Wild to lead HS2

Wild to bear down on spiralling costs and bring rejigged scheme in on time
13 hours ago

Receivers in at £125m Manchester tower developer

Domis Construction walked away from scheme following doubts over funding
1 day ago

Costain A1 £260m dualling job finally gets go-ahead

Ministers sat on planning inspectors report for nearly three years
12 mins ago

Election delays decision on Lower Thames Crossing

Planning decision on £1.2bn Luton airport expansion also pushed back six months
17 mins ago

Caddick steps-in at former Lane End housing job

Contractor to restart phase of £262m scheme hit by administration
27 mins ago

Plans in for Leeds iconic Tetley building revamp

Former brewing giant's HQ to become indoor market and offices
13 mins ago

BAM wins first phase of North Devon hospital revamp

New staff accommodation to kick-off hospital redevelopment
12 mins ago

McAlpine pulls out of £55m Carlisle Citadels project

University of Cumbria starts hunt for replacement contractor
5 days ago

Strabag UK suffers further big trading loss

Austrian contractor is gearing up for major presence in the UK market
4 days ago

Durham Uni picks UPP for £130m student scheme

Firm will deliver 1,000 self-catered bed spaces
4 days ago

Architects now upbeat after 10-months of work gloom

Larger practices see rising workloads in next three months
4 days ago

Motorist dies after collision with road paver

Police Scotland investigating fatal crash
5 days ago

McLaren Living appoints HG Construction for £69m scheme

Build to Rent scheme will transform former vacant car park site in Leeds city centre
5 days ago

Squibb liquidator probes £2m of “missing” plant

Machinery, cars and scrap metal have disappeared at demolition specialist
5 days ago

Galliford Try to re-enter affordable homes market

Contractor sets out new five-year plan to build margin to 4%
5 days ago

Former Sellar chief to lead civils contractor Kilnbridge

Owen Dannatt joins as new CEO as founder Dermot McDermott becomes Chairman
5 days ago

Hunt starts for nuclear fusion plant construction partner

Fusion energy plant to be built at West Burton coal power station site.
5 days ago

National Grid raises £7bn for big infrastructure upgrade

Rights issue to fund a major round of capital investment in energy infrastructure
5 days ago

Grenfell police probe to last at least until end of 2025

19 companies and 58 individuals could eventually face charges
5 days ago

Mace confirmed on £100m London office retrofit

Work underway on Helical's 100 New Bridge Street job near Ludgate Circus
6 days ago

Wylfa chosen for next big nuclear power station build

Government names Anglesey site for a large-scale gigawatt nuclear power plant.
6 days ago

Bowmer & Kirkland trading profit halves

Contractor buys HVAC specialist Adcock despite challenging market
6 days ago

Piling specialist Van Elle plans further job cuts

Piling specialist plans further cost savings in face of lower demand
6 days ago

Civils contractor A Catlow files administration notice

High voltage cable specialist lodges court notice
6 days ago

Green light for ARC Oxford lab campus

Work to start later this year on £40m Ascent building job
6 days ago

Stonehenge tunnel hit by another legal delay

Court upholds latest appeal against £1.7bn scheme by campaigners
7 days ago

Plans go in for huge Olympic Park construction hub

Bow Goods Yard could deliver 3.5m tonnes of materials a year to sites across London
7 days ago

40% affordable homes target for Labour’s new towns

Labour pledges to select new town sites by end of first year
7 days ago

Plan for £100m Liverpool Baltic station

Construction work could begin next year
1 week ago

Surgo Construction went down owing £4.5m

Biggest creditor is Bellway Homes after dispute on housing job
1 week ago

Contractor services