Britcon reports strong 2016 growth
After a sticky 2015, civils contractor Britcon is on course to grow its turnover by 40% this year.
North Lincolnshire-based Britcon, part of the Hunt Group of Companies, is anticipating 2016 turnover of £40m after strong first half growth.
The 2015 total of £27m was lower than its owners expected “due to slower pipeline conversion impacted by the general election”.
Britcon managing director Paul Clarkson said: “From late 2015 we saw a surge in opportunity across all key sectors, including energy and renewables, retail, industrial and commercial. Although some projects were delayed, a healthy forward order book has allowed us to invest in the team and resources over the last 12 months to facilitate our expected trading in 2016 and beyond.”
Group chief executive Shaun Hunt said: “Britcon has an excellent team that continues to make good progress as we emerge from difficult times across the industry.”
Key contracts secured in the last six month includes a £13.5m contract to deliver a new anaerobic digestion (AD) plant in Dagenham for food waste recycler ReFood (UK) Ltd, a series of new developments, extensions and refurbishment projects valued over £10m for Lidl, and contracts worth £3.5m for global chemicals business Kemira.
Britcon’s Steelwork division, Britcon Engineering Services, accounts for over £5.5m of the £40m total, having grown 30% on the back of projects in the private commercial and industrial sectors.
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This article was published on 15 Sep 2016 (last updated on 15 Sep 2016).