Rebounding from a pandemic affected 2020, Bam鈥檚 UK business grew their collective revenues by 22% and pre-tax profit by more than 80%
Bam Nuttall, the civil engineering business, saw turnover rise 27% from 拢844m in 2020 to 拢1,073m in 2021 and pre-tax profit rise from 拢12m to 拢26.2m. At the start of 2022, Bam Nuttall had 拢147m cash in the bank and an order book worth nearly 拢3.4bn.
Bam Construct UK, the building and facilities management business, grew revenue by 16% from 拢793m in 2020 to 拢919m in 2021, lifting pre-tax profit from 拢13.7m to 拢20.4m. It had 拢83.8m cash at year-end and 拢1.8bn -worth of orders
John Wilkinson, chief operating office of Bam UK & Ireland, said: 鈥�2021 was the first year of Royal Bam Group鈥檚 three-year strategic plan to create a more predictable, profitable and sustainable company, and to build a more sustainable tomorrow.
鈥淏am in the UK had a positive year in both construction and civil engineering. We improved our financial performance, grew our order book and have provided an excellent platform for future growth in our structure and operations. We achieved this despite the well-known international economic challenges.鈥�
Bam Nuttall executive director Ian Parish, said: 鈥淥ur results demonstrate a prudent growth strategy, securing sustainable revenue through selective tendering with our strategic clients.鈥�
Bam Construction executive director James Wimpenny said: 鈥淏am Construct UK maintained its strategy of forming long-term strategic alliances with clients who share our values of collaboration and who are interested in leveraging the benefits of digital construction, and new methods such as off-site fabrication and sustainability. We won 拢1.1bn of new work in 2021, and we aim to maintain a balanced portfolio, across both the public and private sector, as well market sectors such as commercial, education and health.鈥�
Key projects for the construction side of the business include completing Meta鈥檚 new London offices at 11-21 Canal Reach Kings Cross (London), 103 Colmore Row (Birmingham), Sir William Henry Bragg Building (Leeds), and Atlantic Square (Glasgow).
It secured the Co-op Live Arena (Manchester), EQ Building (Bristol), Southam College (Warwickshire), Perth City Hall (Perth), and Strawberry Lane (Newcastle).
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