NG Bailey reports profit growth and record secured-order book

NG Bailey
Successful strategy — David Hurcomb

NG Bailey trebled its operating profit in the year to 26 February to £6 million and increased sales by 12% to £408 million. The company’s activities cover engineering, IT and facilities services, and its secured-order book rose 14% to a record £673 million.

The group attributes its strong performance to its diversification strategy. Over the last four years, NG Bailey has placed an emphasis on better balancing of its portfolio of work across services (IT, energy and facilities management) , large-scale infrastructure projects and traditional building construction.

During the period the company won £500 million of new work. It included significant contracts with Land Securities for its retail portfolio and to help reduce energy use in a number of commercial properties.

The company was also awarded a 5-year contract worth over £50 million with Fujitsu to support its work to transform the delivery of information and communication technology across the Ministry of Defence and appointed preferred bidder on a number of schemes.

Noteworthy projects delivered during the year included one of the world’s most ‘intelligent’ stadia, the SSE Arena in Belfast, and the first combined heat and power link of its kind in Europe — at Birmingham New Street Station.

The growth has been achieved alongside a £2 million investment in sectors such as energy management and smart buildings and a continued annual investment of £3 million in the training and development of its people.

The success is also down to continued cost-control measures.

Chief executive David Hurcomb explains, ‘Five years ago we embarked on a strategy to diversify our business and achieve an equal split of work across services, infrastructure and building construction. Our operating performance demonstrated that our strategy has worked.

‘Our focus now is to retain this split. Given our industry-leading engineering expertise and our focus on exceptional customer-service delivery, I believe this is achievable.’

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