BAM Construct UK Sees 80% Profit Rise

BAM Construct UK has seen its profits rise by 80% in 2015, while turnover increased marginally to almost £900 million.

Having filed the company’s accounts for last year, it revealed that Bam Construct UK made a profit of £13 million before tax last year, which is a significant increase on the 2014 figure of £7.2 million, on a turnover of up 1.2% to £897.5m (2014: £887.1m).

The firm started this year with a forward order book of £1,723.5 million and £95 million of working capital.

Graham Cash, BAM Construct’s Chief Executive, said that the profit margin was 1.4% compared with 0.8% the previous year, which reflects an improved market and a more favourable economic environment.

Cash continued: “2015 was another steady year with profit increasing as BAM Construct UK emerged from the recession.”

Cash said that the company has an aim of growing margin rather than turnover, and that last year’s results bear this out.

He added: “We aim to improve profitability through greater efficiency, especially at pre-construction stage, through developing technology, and by maintaining and developing long term relationships with like-minded clients, particularly in the health, higher education, commercial and leisure sectors.”

The company CEO also commented on the recent referendum of the UK’s membership of the EU, insisting that the company has not yet experienced and direct implications as a result of the Brexit vote, adding that he believes their core strategy will ensure they stay resilient in the face of any economic or political uncertainty that may arise in the next few years as a result of Brexit.

BAM Construct UK does not include BAM Nuttall, which reports its results separately.

Earlier in the month, BAM Construct UK appointed Bruce Dickson as their new regional director in Scotland, taking over from Douglas Keillor who stepped up to the board position of executive director.


Latest Issue

BDC 309 : Oct 2023