26th July 2023

Today (Wednesday 26th July), we announced our financial results for the year ending 30th April 2023.

We reported record revenues of £148.7m with a growth of 19% compared with FY2022, driven by increased activity levels across all divisions.

We delivered an improved operating margin of 3.9% and increased pre-tax profit of £5.4m in the year to April 2023, up from £3.6m previously.

Mark Cutler, Chief Executive, commented: “I am delighted to report a strong set of results, building on last year’s excellent progress as we emerged from the pandemic.

“The breadth of the Group’s expertise, strength of balance sheet and depth of resource allows us to offer the best value to our customers, with whom we are forging closer long-term partnerships.

“The actions taken over the last three years are starting to deliver sustainable results that put us firmly on-track to deliver our medium-term financial objectives.

“I want to extend my sincere thanks to our employees, suppliers and customers for their hard work and support over the last year.”

For the full results and investor presentation, visit our investor page.