Graham reveals strong financial position despite Covid-19

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Graham has reported growth in revenue to £853.3m in its latest published accounts for the financial year up to 31 March 2020

Graham has also posted an £11.3m profit before tax, which is a 38% rise on 2019 (£8.2m) and has recorded a £10m improvement in cash at bank and hand (£72.9m).

The company’s figures represent a 16% increase on the privately-owned contractor’s previous performance for the same period in 2019 (£735m).

Each Graham division is categorised into building, civil engineering, interior fit-out, facilities management, and investment projects, has remained profitable throughout this accounting cycle.

Moving into 2021, Graham has a record order book and a healthy £1.8bn pipeline of opportunity.

Focus on quality projects rather than chasing revenue

Graham executive chairman, Michael Graham, said: “It has been a particularly challenging year given the unprecedented uncertainty arising from Covid-19 and Brexit.

“Market conditions are also extremely competitive. Against this backdrop, it has been particularly satisfying to record a rise in revenue to £853.3m and a profit before tax figure of £11.3m in our latest accounts.

“This is only possible because of the hard work and dedication of our teams. So too, our divisional strength, sectoral expertise and regional presence provide a well-balanced service offering.

“Undoubtedly, difficult challenges remain on the horizon, but this solid financial platform positions us well to look forward with confidence.

“We remain focused on quality projects rather than chasing revenue. Our strategic approach to work winning has accounted for an exceptionally strong pipeline.

“This leaves us well placed for 2021 with strong levels of secured work.”

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