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Sat September 21 2024

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Graham turnover passes £1bn

11 Jul 23 John Graham Holdings, parent company of John Graham Construction, has seen its turnover increase 15% to top £1bn for the first time but profits were eroded by build cost inflation.

In the year to 31st March 2023 John Graham Holdings generated revenue of 拢1,094m (2022: 拢948m).

Profit before tax dipped to 拢15.1m (2022: 拢19.0m), a decline attributed to inflationary pressures facing the wider economy

Cash at bank and in hand increased 28% to 拢177.1m (2022: 拢127.1m).

Chief executive Andrew Bill said: 鈥淲e are very pleased with these latest published accounts, which demonstrate a strong performance in our core markets. This has been achieved despite the complexity of the current inflationary environment and other notable external factors. Strong governance and commercial management are at the heart of our approach to sustainable growth. We focus on quality delivery and take pride in our record for securing repeat business and the development of collaborative client relationships. The adoption of a pragmatic and selective approach to work winning, built on a platform of risk management, allows us to positively approach the rest of 2023, and beyond. With a significant pipeline of opportunity, which is strong in both volume and quality, we look forward to the future with continued optimism.鈥

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