{"id":84877,"date":"2020-11-04T12:18:14","date_gmt":"2020-11-04T12:18:14","guid":{"rendered":"https:\/\/www.pbctoday.co.uk\/news\/?p=84877"},"modified":"2020-11-04T12:18:14","modified_gmt":"2020-11-04T12:18:14","slug":"graham-financial-2020","status":"publish","type":"post","link":"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/graham-financial-2020\/84877\/","title":{"rendered":"Graham reveals strong financial position despite Covid-19"},"content":{"rendered":"

Graham<\/a> has reported growth in revenue to \u00a3853.3m in its latest published accounts for the financial year up to 31 March 2020<\/h2>\n

Graham has also posted an \u00a311.3m profit before tax, which is a 38% rise on 2019 (\u00a38.2m) and has recorded a \u00a310m improvement in cash at bank and hand (\u00a372.9m).<\/p>\n

The company’s figures represent a 16% increase on the privately-owned contractor\u2019s previous performance for the same period in 2019 (\u00a3735m).<\/p>\n

Each Graham division is categorised into building, civil engineering<\/a>, interior fit-out, facilities management, and investment projects, has remained profitable throughout this accounting cycle.<\/p>\n

Moving into 2021, Graham has a record order book and a healthy \u00a31.8bn pipeline of opportunity.<\/p>\n

Focus on quality projects rather than chasing revenue<\/h3>\n

Graham executive chairman, Michael Graham, said: \u201cIt has been a particularly challenging year given the unprecedented uncertainty arising from Covid-19<\/a> and Brexit.<\/p>\n

\u201cMarket conditions are also extremely competitive. Against this backdrop, it has been particularly satisfying to record a rise in revenue to \u00a3853.3m and a profit before tax figure of \u00a311.3m in our latest accounts.<\/p>\n

\u201cThis 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.<\/p>\n

“Undoubtedly, difficult challenges remain on the horizon, but this solid financial platform positions us well to look forward with confidence.<\/p>\n

\u201cWe remain focused on quality projects rather than chasing revenue. Our strategic approach to work winning has accounted for an exceptionally strong pipeline.<\/p>\n

“This leaves us well placed for 2021 with strong levels of secured work.\u201d<\/p>\n

\n<\/div>","protected":false},"excerpt":{"rendered":"

Graham has reported growth in revenue to \u00a3853.3m in its latest published accounts for the financial year up to 31 March 2020.<\/p>\n","protected":false},"author":20,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[304],"tags":[591,24813,676,54592,658,636,742,283,639,592],"stakeholder_rel_tag":[],"contributor_rel_tag":[],"class_list":{"0":"post-84877","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-planning-construction-news","7":"tag-brexit","8":"tag-building-contracts","9":"tag-construction","10":"tag-coronavirus","11":"tag-electrical-contractors","12":"tag-engineering","13":"tag-facilities-management","14":"tag-finance","15":"tag-procurement","16":"tag-skills"},"acf":[],"yoast_head":"\nGraham reveals strong financial position despite Covid-19<\/title>\n<meta name=\"description\" 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