Briggs & Forrester banks £511m record pipeline after stronger year

Aaron Morby 2 hours ago
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Briggs & Forrester has entered the new financial year sitting on a record £511m order book as contractors turned to the M&E specialist as a safe pair of hands on major projects.

The Northampton-based building services contractor said the forward workload now represents around two years of future work.

The pipeline is up 18% from £435m last year and includes £221m of secured orders plus a further £290m of contracts in final negotiation.

That covers 89% of next year’s budgeted turnover and 72% of the following year.

The order book surge came despite turnover slipping 3% to £240m in the year to 31 October 2025.

But tighter project selection and better procurement routes helped boost underlying profit before impairment and tax rise from £2.3m to £3.2m.

The group said it had focused on building a better-quality workload with long-standing clients, developers, end users and main contractors looking for reliable delivery partners.

Current and future project partners include Galliford Try, Willmott Dixon, McLaren and Multiplex.

Jeremy Askew, group finance director at Briggs & Forrester, said: “This year’s performance reflects the strength of our underlying business and the discipline shown across all parts of the Group.

“Despite a small reduction in turnover, we delivered a significant improvement in profitability, strengthened our cash position, and achieved a record order book that gives us excellent visibility for the next two years.”

Cash at bank improved to £23.3m despite the business making £5.8m of Employee Ownership Trust payments during the year.

The group said all three core divisions made a profit, generated cash and increased net assets.

Engineering Services lifted profit by a third despite slightly lower turnover around £100m, helped by improved project selection and tighter delivery controls.

Living grew both turnover and profit, with its order book surging 67% to give the business visibility for the next two to three years.

Special Projects saw turnover fall sharply but stayed profitable through strict overhead control and stronger commercial management.

The accounts also revealed a £5.5m disposal profit from the sale of Briggs & Forrester Building Services Maintenance to BGIS in December 2024, generating £6m of net cash proceeds helping to support reserves.

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