5 August 2016 | Herpreet Kaur Grewal

The engineering, IT and facilities services business – which provides planned preventative and reactive fabric maintenance as well as critical environment management – reported turnover of £408m for the year 2015/16. This represents a rise of 12 per cent from the previous year’s figure of £365m. Operating profit also increased year on year, from £2m to £6m.

The group attributes its strong results to the success of its diversification strategy. In a statement accompanying its results, the company said that the last four years have seen NG Bailey “place an emphasis on better balancing its portfolio of work across services (IT, energy and facilities management), larger scale infrastructure projects and traditional building construction”.

This growth has been achieved alongside a £2m investment in sectors including energy management and smart buildings, as well as a “continued annual investment of £3m in training and development”.

David Hurcomb, chief executive of NG Bailey, said: “Our operating performance demonstrates that our strategy to achieve a better-balanced business has worked”.