Turnover at the UK’s largest independent engineering and infrastructure firm jumped 10% to £662m in the year to 28 February 2025, with underlying operating profit up a over a third to £15m.

The strong performance follows the launch of the group’s “Journey to 2030” strategy focused on long-term investment, low-risk growth and selective acquisitions, like ductwork maker OSM Ventilation in February.

Stockton said: “It has been a year of stability and progress at NG Bailey, with record sales alongside improved profitability and cash generation.”

He added that tight project selection and risk management had driven the uplift, with a £1.6bn order book now in place (2024: £1.4bn) and more work coming directly from end clients.

The firm reported £92m in cash and investments, up from £70m, with no external debt and net assets of £141m.

NG Bailey is targeting infrastructure sectors aligned with the UK’s net zero agenda and economic resilience – including rail, healthcare, defence and nuclear – as part of its strategy to buffer against market volatility.

Its newly-formed Built Environment Division, which combines engineering, facilities services and EV infrastructure, delivered year-on-year growth in both sales and profit.

Bailey’s Freedom electricity infrastructure arm remained a key profit driver, supported by partnerships with UK Distribution Network Operators and the push for grid resilience.

The fast-growing EV infrastructure business is also building momentum, with several major contracts delivered and a healthy pipeline in place as demand for decarbonised transport grows.

The group also invested in a new 25,000 sq ft Leeds HQ.