Firm鈥檚 revenue rises to 拢24.5m, while profit doubles to 拢1.7m on back of strong demand

Mark Smith

Billington has beaten market expectations by doubling pre-tax profit for the first half of 2015, according to the firm鈥檚 latest results.

Interim results for the six months to June found that Billington Holdings increased revenue by 15% to 拢24.5m, up from 拢21.3m in 2014, while pre-tax profit rose to 拢1.7m, up from 拢759,000 the previous year.

The firm, which is based in Barnsley and Bristol, said it was boosted by strong demand in the distribution warehouse sector, including a contract win to provide 5,000 tonnes of structural steel for a new Next warehouse.

Mark Smith, chief executive of Billington, said: 鈥溾�淭he group鈥檚 strong cash position underpins our financial strength and ensures that the company is well placed for further growth.

鈥淭heboard is confident that further progress will be achieved and that the company is well placed to deliver strong full year results, in order to generate the best return for our shareholders鈥�

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