John Sisk margin bounces back to over 2%

Aaron Morby 2 years ago
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John Sisk & Son returned to stronger profitability last year after bouncing back from the challenges of Covid.

Paul Brown says Sisk is well set for another strong year
Paul Brown says Sisk is well set for another strong year

While revenue at the UK business dipped to around £383m, margins recovered strongly to 2.2% from 0.7% in 2021.

Paul Brown, who stepped up to become chief executive officer at the start of 2022, said despite a 1.9% drop in revenue the firm delivered a strong level of underlying profit having successfully completed a number of major projects.

This saw pre-tax profit jump to £8.4m last year from £2.8m previously.

He said Sisk now enjoyed a strong pipeline of new projects for next year with both new and existing clients.

The business has recently picked up a raft of new building and civil engineering work.

This includes a £227m flats project for developer Quitain at Wembley Park and a £200m water resort near Bicester in Oxfordshire.

Sisk is making strong inroads on the civils side, starting work on the £100m enabling works package for the York Central scheme.

It is also in line for developer Peel’s Liverpool Waters Central Docks enabling package, including a new central park and last month secured the £69m job to reroute the landslip-prone A59 moorland road at Kex Gill in Yorkshire.

Last year headcount rose by nearly 5% to 622 staff.

 

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