Billington delivers record results despite softening in run up to General Election

Billington Holdings Plc. one of the UK's biggest structural steel and construction safety specialists, has announced its audited results for the year ended December 31 2019.

Revenue increased by 35.7 per cent to £104.9 million and profit before tax increased by 20.4 per cent to £5.9 million.

Mark Smith, chief executive officer, commented: "I am very pleased that we have delivered a record performance in 2019, although these results will inevitably be overshadowed by the current global Covid-19 pandemic.

"As a business we continue to follow the UK Government's advice and direction, but until the situation stabilises it is not possible to forecast the ultimate impact on our business.

"The conclusion of 2019 witnessed a softening of the structural steelwork market as the UK approached the General Election in December. Pricing pressures continued into the early part of 2020. Whilst we had expected this to subside in the medium term as political and economic clarity returned, we are now faced with the uncertainties created by the Covid-19 pandemic.

"However, 2019 was an exceptional year for the group and highlights the group's capabilities and capacity to deliver for our customers. We are in a financially robust position and are well placed to face the challenges ahead."

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