Major Next contract boosts Billington

​Structural steel firm ​Billington Holdings said half year profits more than doubled, boosted by ​a contract to supply 5,000 tonnes of structural steel for a major distribution centre in Doncaster for fashion retailer Next.

The Barnsley-based company said pre-tax profits rose 115 per cent to £1.7m in the six months to June 30, ahead ​of market expectations.

​Billington said ​market conditions continue to improve and it saw an encouraging performance across all divisions.

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The group said it has a strong order book moving forward and a robust cash position, which leaves it well placed for future growth.

Billington’s CEO Mark Smith said the group ​is now well placed to deliver strong full year results.

“We are experiencing growing demand in the sector and Billington remains well placed to capitalise on these increased opportunities,” he said.