Firm says current order book is 拢526m with next set of accounts due in spring
Keltbray has agreed a new credit facility with its principal banker Santander worth 拢33m over three years.
The firm, which is due to release its latest results for the year to October 2022 this April, said its 2022 year-end liquidity position was 拢44m.
In a statement, it added: 鈥淭he Group continues to de-risk the sales order pipeline across its business portfolio by focusing on robust selection governance, targeting projects with acceptable terms, conditions and financial margins, which benefit from our integrated, self-delivery approach.鈥�
It said its 2022 numbers would see underlying year-on-year increases in revenue, pre-tax profit and an order book of 拢526m.
Chief executive Darren James said: 鈥淭he new funding facility provides the platform for the next stage of exciting growth in key strategic markets.鈥�
In the year to October 2021, Keltbray said turnover was down to 拢390m from the 拢429m posted the year before with pre-tax profit before exceptional items coming in at 拢5.7m from a 拢6m loss last time. But exceptionals, which include 拢7m of costs associated with the Competition and Markets Authority鈥檚 bid-rigging probe, meant the firm stayed in the red with a pre-tax loss of 拢4.2m.
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