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16/09/2016

Britcon Forecasts Turnover To Rise To £40m

Britcon is anticipating a turnover of £40 million for 2016 after experiencing "healthy business growth" in the first half of the year.

The civil engineering firm recorded £27m of turnover for 2015 due to "slower pipeline conversion impacted by the general election".

However, the North Lincolnshire business is now forecasting a 40% rise in turnover for this year due to improved trading conditions.

Key contracts secured in the last six months includes a £13.5m contract to deliver a new anaerobic digestion (AD) plant in Dagenham for food waste recycler ReFood (UK) Ltd, a series of new developments, extensions and refurbishment projects valued over £10m for Lidl, and contracts worth £3.5m for global chemicals business Kemira.

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The company's Steelwork division has also experienced a boost, accounting for over £5.5m of the £40m total.

Britcon Managing Director, Paul Clarkson, said: "From late 2015 we saw a surge in opportunity across all key sectors, including energy and renewables, retail, industrial and commercial.

"Although some projects were delayed, a healthy forward order book has allowed us to invest in the team and resources over the last 12 months to facilitate our expected trading in 2016 and beyond."

(LM)

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