Benniman rides logistics boom to £140m turnover

Aaron Morby 42 minutes ago
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Midlands contractor Benniman has cashed in on booming demand for industrial and logistics space, driving a 40% surge in revenue and pushing pre-tax profit beyond £10m.

Managing director Steven Smith predicts further growth this year after spate of contract wins
Managing director Steven Smith predicts further growth this year after spate of contract wins

The Bromsgrove-based builder and developer posted revenue of £140m for the year to December 2025, up from £100m, while pre-tax profit climbed 27%.

Growth has been powered by resurgent demand for warehouse and distribution schemes.

Cash generation remained a standout, with reserves jumping to £54.4m from £37.4m, giving the business a major advantage when bidding for new work and managing market volatility.

Operating profit rose to £8.9m, as Benniman maintained margins despite ongoing inflationary pressure and supply chain risks.

The balance sheet strengthened further, with net assets up to £28.9m and a solid current ratio of 1.67.

Directors said momentum accelerated into the back end of the year, with a string of contract wins secured late in 2025 and into early 2026.

Managing director Steven Smith said: “We are pleased to report that there has been an upturn in activity during 2025, having signed a number of new contracts during Q4 2025 and Q1 2026, and further contracts being agreed, resulting in a projected 20% increase in turnover for the coming financial year.”

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