Despite challenging market conditions, the contractor delivered a 16% rise in revenue to £853m, generating an £11m pre-tax profit, up from £8m previously.

Each of Graham’s divisions – building, civil engineering, interior fit-out, facilities management, and investments – remained profitable.

This improved performance saw operating margins edge forward from 1% in 2019 to 1.3% this year and improved cash levels up £10m to £73m.

Graham Group executive chairman, Michael Graham, said the firm was looking at a record order book and a healthy £1.8bn pipeline of opportunity.

He said: “We remain focused on quality projects rather than chasing revenue. Our strategic approach to work winning has accounted for an exceptionally strong pipeline. This leaves us well placed for 2021 with strong levels of secured work.”

Notable project wins include the construction of the Baird Family Hospital and the ANCHOR Centre (£161m) in Aberdeen, the continued development of student accommodation at the University of York (£140m), and the design and build of phase one of Eton College’s new indoor sports facilities.

The civils arm secured the £26m Poynton Relief Road scheme, and interior fit-out won The Hut Group’s new headquarters in Manchester (£16.5m).