Billington plans steel plant closures

The structural metal specialist issued a revenue warning final month as income slid nearly 28% to £42m within the six months to 30 June 2025 as three large contracts suffered delays sending pre-tax revenue tumbling two-thirds to £1.7m.

In a Inventory Alternate announcement Billington mentioned: “If accomplished, this restructuring would see the Group’s Yate facility in Bristol closed and the consolidation of structural metal operations at Billington’s Wombwell and Shafton websites in Barnsley.

“The Board regularly opinions the Group’s operations to make sure that they’re structured in essentially the most optimally environment friendly method and are reflective of the present and projected future market environments by which Billington operates.

“A consolidation at Barnsley would offer the Group with the flexibleness to extra carefully align operational capability with market demand, along with decreasing overheads and delivering important value and operational efficiencies.

“The Firm has commenced a session with the doubtless affected staff at Yate, following which a proper resolution shall be made on the way forward for the Yate facility.  Additional bulletins shall be made in the end as acceptable.”