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Keltbray reports strong financial results

cash

Keltbray has announced a healthy boost in turnover for 2015.

The company recorded a 25% increase in turnover for the financial year ending 31 October 2015, increasing from £216.9M in 2014 to £272.3M.

Gross profit grew by 21%, improving by £7.8M to £45.4M. Operating profit was £11.6M, an increase of £3.6M compared to 2014, and an improvement in margin to 4.3%.

Speaking to New Civil Engineer, Keltbray financial director John Keehan said: “We’re very pleased with the results. We’ve had good growth over the last two or three years. We know the commercial market is starting to ease off, so we might not see such spectacular growth in that area, but we’re hoping that with the range of activities we’ve got, especially some of these big infrastructure projects coming off, we’ll be able to maintain the level that we have at the moment.”

Keltbray employs over 1,000 people and has three reporting streams: demolition and civil engineering (turnover £202M), rail (turnover £54M) and environmental materials management (turnover £16M).

“Keltbray was formed as an earthmoving and groundworks company in 1976, and it is pleasing to see how we have grown to become an award-winning specialist contractor with a £270M annual turnover and more than 1,000 employees in our fortieth year,” commented Keltbray Group chief executive Brendan Kerr.

“Over the past four decades Keltbray has helped facilitate some of the largest and most iconic construction projects in the country, including The Shard and The Queen Elizabeth Olympic Park Stadium and on major infrastructure projects such as Crossrail and the electrification of The Great Western Mainline. We are now firmly established as one of the country’s largest specialist contractors and are proud of the continued strengthening of our business.”

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