Jump in bottom line comes despite fall in revenue

Byrne Group improved its annual results for the third year in a row, the firm鈥檚 latest accounts reveal.

The concrete frame specialist, whose businesses also include fit-out firm Ellmer, said pre-tax profit was up 9% to 拢7.4m on turnover down 10% to 拢171m in the year to June.

Its concrete business, Byrne Bros, returned to being its biggest division with revenue of 拢85m, a rise of nearly a quarter on last time, and an improved operating profit of 拢3.4m with the firm adding that an emphasis on teamwork and collaboration 鈥渉ad been pivotal in driving this success鈥.

01-Byrne Group-One Nine Elms Vauxhall

Byrne Bros carried out work on this towers scheme at Nine Elms for Multiplex

The group, which has been owned by South African builder Wilson Bayly Holmes-Ovcon since 2017, said revenue at its fit-out arm Ellmers was down 26% to 拢61m but operating profit nudged up 拢200,000 to 拢2.6m.

Ellmers鈥 ongoing projects include the Google headquarters building at King鈥檚 Cross and high-rise towers at Nine Elms.

Byrne bought civils firm O鈥橩eefe Group out of administration in summer 2022 and said that turnover in its second full year of trading fell a third to 拢29m but that the business, which is working on the North London Heat and Power Project, 鈥渞emained profitable鈥.

Cash at the bank improved from 拢24m to 拢32m while the firm said Byrne Bros was 鈥渨ell-positioned to continue a steady growth trajectory with continued profitability鈥 adding that a 鈥渇ocus on collaboration and partnership will ensure a continuous improvement as well as a superior experience for our clients鈥.

The firm added that it has recently appointed Lee Horsley as its new managing director at O鈥橩eefe, joining from Sparta Construction.