Tilbury Douglas has reported a strong financial performance in its 2024 Group Accounts, with revenue rising to £541.6 million, an increase of 7% compared to 2023. Operating profit also saw a significant boost, climbing to £11.5 million from £3.8 million the previous year.

The company maintained its outstanding cash performance, remaining debt-free and closing the year with £50.7 million in cash, up £8.4 million on 2023.

The results come as Tilbury Douglas marked its 140th anniversary in 2024, celebrating over a century of industry excellence and resilience.

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Over the year, the Group secured more than £637 million in new contracts and orders, closing 2024 with a forward order book worth over £1.26 billion. By the end of March 2025, that figure had risen to £1.32 billion, representing 104% of planned orders for 2025 and 69% for 2026.

Key wins in early 2025 include new school projects for the Department for Education, renewal works at the Barbican, and prison construction contracts for the Ministry of Justice.

Craig Tatton, Chief Executive Officer at Tilbury Douglas, commented: "Tilbury Douglas continues to enjoy improving performance, which brings financial and business stability. With a robust long term order book, a strategy well-aligned to national needs, and talented people and suppliers, our Group has a strong platform to continue delivering great projects for our valued customers.

"I and my board colleagues are confident in the Group’s continued success throughout 2025 and beyond."