Severfield aims to hit the roof at home of tennis

Tennis star Andy Murray Photo : Adam Davy/PA Wire
Tennis star Andy Murray Photo : Adam Davy/PA Wire
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AS Andy Murray prepares to shine on the centre court, a structural steel firm is aiming to serve up its own form of Wimbledon glory.

Severfield is bidding to carry out work on Wimbledon’s number one court roof, which is a development that will reduce the chances of rain causing headaches for the tournament’s organisers.

Thirsk-based Severfield, which is undergoing a revival under chief executive Ian Lawson, hopes to secure work on football club Spurs’ stadium. The company also has high hopes for its Indian operations, where it is working to convert the commercial building market from concrete to steel.

Yesterday, it revealed that its profit before tax in the year ended March 31 was £8.3m, which was an increase on the £4m recorded last year.

Severfield carried out more than 110 projects over the year, and its UK order book stood at £194m on June 1, compared with £185m on November 1.

The share of losses from the company’s Indian joint venture was £0.2m, compared with £3.0m the year before, reflecting higher production levels and operational improvements.

Ian Lawson, the company’s chief executive, said there was a strong pipeline of opportunities.

He added: “We are very pleased with the continued good progress made across the business, both in the UK and India, operationally and financially.

“Our cash flows and balance sheet remain strong. Furthermore, our continued investment in our equipment, brand, market position and our people means that we have the skills and capacity to sustain momentum and fulfil demand, securing key projects in growth sectors as the UK, and Indian, infrastructure markets continue to develop.

“The group is well placed for the future.”