Billington made a pre-tax revenue of £5.8m in 2022 and secured income of £86.6m.

The structural metal contractor noticed its income enhance by 4.7 per cent, from £82.7m in 2021. Its pre-tax revenue, in the meantime, rose by 346 per cent, having been £1.3m within the earlier 12 months. This equated to a 6.7 per cent revenue margin.

Billington mentioned improved manufacturing facility efficiencies, in addition to the securing of bigger contracts, helped to spice up earnings, including that the agency had been alternatives to work on gigafactories.

The corporate additionally revealed that it misplaced £1.1m after one in every of its shoppers entered administration in 2022.

Nonetheless, it maintained a money stability totalling £11.6m – a slight enhance on the £10.4m recorded on the finish of 2021.

The group additionally famous that non-executive director John Gordon retired final 12 months after 18 years at Billington. The board has but to exchange him.

Billington chief govt Mark Smith mentioned: “Continued supply throughout the group of our capital funding programme has proven vital effectivity features.

“The decision of some excellent legacy contracts, mixed with the supply of high-quality, giant contracts in sturdy market sectors, have all assisted in 2022 being a profitable 12 months for Billington.

“Whereas being conscious of the unsure financial outlook for the UK, we stay up for the rest of 2023 with a powerful order e-book and a pipeline of serious high-quality prospects.

“We’re assured in sustaining the momentum from 2022 and delivering one other robust efficiency for our stakeholders, in keeping with present market expectations.”

Smith added: “Whereas macroeconomic headwinds are more likely to stay for a while, significantly with regard to materials availability, vitality prices, worth volatility and persevering with inflationary pressures, we’re seeing a constant stream of alternatives at extra engaging margins and have a really wholesome order e-book. 

“The advantages of the group’s funding in effectivity enhancements and folks, coupled with its robust market place, [are] enabling the group to attain greater than historic[al] margins and to deal with these sectors that may ship higher returns.”

The bigger initiatives undertaken by Billington Constructions throughout 2022 included: Shepperton Movie Studios in London; Sandwell Aquatics Centre within the West Midlands; Magna Park industrial models in Lutterworth, Leicestershire; Wakefield Trinity RUFC Stadium in West Yorkshire; and the Segro industrial unit in Coventry.

Different notable initiatives to which Billington supplied metal in 2022 embrace the Cherry Park residential improvement in Stratford, London; a Siemens wind-turbine blade facility in Hull; KLON-02 knowledge centre in Harlow; and HH4 Information Centre Ph2 in Hemel Hempstead.