Benniman eyes turnover bounce after riding out warehouse lull

Pre-tax revenue for 2024 got here in at £8.1m, just under the prior yr’s £8.4m, on turnover of £100m in comparison with £130m in 2023.

Throughout the yr administration maintained a disciplined price base serving to to raise working margin to six.5%, from 5.6% within the prior yr.

Managing director Steven Smith mentioned Benniman had seen exercise selecting up this yr, with contract wins driving turnover again in the direction of 2023 ranges.

“The corporate has glorious long run relationships with lots of the largest improvement corporations inside the UK and has recognized future alternatives because of the anticipated demand within the industrial and logistics market to fulfill the necessities of on-line retail platforms and storage.

“In consequence, the corporate now has a major pipeline which ought to assure a steady platform effectively into 2025 and past.”

The earlier yr’s slowdown noticed money reserves slip again to £37m (2023: £55m).