Barhale confident about 2019 after positive set of results

Grant Prior 5 years ago

Barhale is confident about the coming year after posting a positive set of results for the 12 months to June 30 2018.

The latest numbers filed at Companies House show turnover up to £185.6m from £121.7m last time as pre-tax profits also increased to £3.1m from £2.1m.

Gross margins dipped to 6.55% from 10% as turnover increased on lower margin contracts.

Barhale is a leading player in the water sector and is looking to play a “major part” in the upcoming AMP7 round of spending.

Turnover also grew in the power sector and on major transport projects where Barhale picked-up work on the Midland Metro and HS2.

Barhale CEO Matthew Behan said: “These are a strong and pleasing set of results driven by a good performance across our operations.

“In particular, we have continued to build deep and positive relationships with our water utilities clients.

“Additionally, in line with our five year strategy, we have been delighted with the progress made in energy utilities and in rail infrastructure where we have secured projects with both HS2 and Midlands Metro.”

Barhale was also confirmed as winning contractor by Transport for West Midlands this week for a new £1.5m entrance at Birmingham’s Snow Hill Station.

Behan added: “Much of our success is underpinned by our people development and engagement focus.

“We believe our progressive, people-first attitude means that every member of our team feels valued and understands the difference their contribution makes to fulfilling our business goals.

“This is paying a clear dividend and we will be looking to further enhancing this element in the coming year.

“Looking forward, we have gone into the new financial year with a strong order book and optimism about the continued strength of the sector.

“That said, we are mindful that we are not immune to the challenges the sector faces not least in resources, skills and supply chain and their close management will be a priority through 2019.”

Latest news

Mace confirmed on £100m London office retrofit

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

Wylfa chosen for next big nuclear power station build

Government names Anglesey site for a large-scale gigawatt nuclear power plant.
9 hours ago

Bowmer & Kirkland trading profit halves

Contractor buys HVAC specialist Adcock despite challenging market
9 hours ago

Piling specialist Van Elle plans further job cuts

Piling specialist plans further cost savings in face of lower demand
10 hours ago

Civils contractor A Catlow files administration notice

High voltage cable specialist lodges court notice
9 hours ago

Green light for ARC Oxford lab campus

Work to start later this year on £40m Ascent building job
10 hours ago

Stonehenge tunnel hit by another legal delay

Court upholds latest appeal against £1.7bn scheme by campaigners
1 day 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
1 day ago

40% affordable homes target for Labour’s new towns

Labour pledges to select new town sites by end of first year
1 day ago

Plan for £100m Liverpool Baltic station

Construction work could begin next year
1 day ago

Surgo Construction went down owing £4.5m

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

Vistry seals £157m West London housing deal

Around 575 homes to be built at Merrick Place scheme in Ealing
1 day ago

Streamlined Watkin Jones returns to profit in first half

Multi-room specialist sees secured work pipeline hit £1.4bn
1 day ago

Bellway hires ex-brickie as group construction chief

James Griffin to oversee move to the Future Homes Standard and timber frame.
1 day ago

Persimmon under fire for delays to £10m relief road

West Suffolk Council serves Breach of Condition Notices after timetable slips again
1 day ago

BAM wins £33m Kent secondary school job

Replacement Swanley academy to be built at live school site
1 day ago

Aluminium cladding specialist collapses

Melton Mowbray-based firm worked for several main contractors
2 days ago

Brickwork contractor Lee Marley returns to profit

Affordable and rental homes demand lifts brickwork contractor
2 days ago

Housing contractor Durkan suffers second year of losses

More fire safety provisions tip firm into £3.9m loss
2 days ago

Farrans makes breakthrough on tricky tunnel job

Tunnel under Tees latest part of new £155m water pipeline job
2 days ago

Heidelberg buys aggregates and earthworks specialist B&A

Latest deal follows acquisition of Mick George
2 days ago

Flagship biodiversity net gain scheme flawed

NAO warns Government's flagship green development scheme at risk of failure
5 days ago

Plan in for £3bn Lincolnshire mega data centre

3.3m sq ft Humber Tech Park will be one of Europe's largest data centres
5 days ago

Green light for Digbeth 1,300 homes scheme

Warner’s Fields scheme to start with excavation and landscaping of the River Rea
5 days ago

£210m M3 Junction 9 upgrade gains consent

VolkerFitzpatrick to start work in early 2025 on Winnall roundabout, near Winchester
5 days ago

United Living wins 14-year L&Q homes repairs deal

Trafford housing upkeep deal worth £205m
5 days ago

£400m Lewisham resi-led scheme advances

Land deal paves way for Amro Partners' 1,000-home London scheme
5 days ago

McLaren gets go-ahead for Grade II listed Leeds student scheme

Springfield House to be revamped and two new wings added
5 days ago

Piling giant to fit people alarms on all rigs

Cementation Skanska upgrades site safety systems
5 days ago

Vistry to make £800m profit after subcontractor cost cuts

House builder bullish about shareholder returns after asking suppliers for discounts
6 days ago

Contractor services