Briggs & Forrester banks £511m record pipeline after stronger year

The Northampton-based constructing companies contractor mentioned the ahead workload now represents round two years of future work.

The pipeline is up 18% from £435m final yr and contains £221m of secured orders plus an extra £290m of contracts in ultimate negotiation.

That covers 89% of subsequent yr’s budgeted turnover and 72% of the next yr.

The order ebook surge got here regardless of turnover slipping 3% to £240m within the yr to 31 October 2025.

However tighter undertaking choice and higher procurement routes helped enhance underlying revenue earlier than impairment and tax rise from £2.3m to £3.2m.

The group mentioned it had targeted on constructing a better-quality workload with long-standing shoppers, builders, finish customers and fundamental contractors in search of dependable supply companions.

Present and future undertaking companions embody Galliford Strive, Willmott Dixon, McLaren and Multiplex.

Jeremy Askew, group finance director at Briggs & Forrester, mentioned: “This yr’s efficiency displays the power of our underlying enterprise and the self-discipline proven throughout all components of the Group.

“Regardless of a small discount in turnover, we delivered a major enchancment in profitability, strengthened our money place, and achieved a report order ebook that offers us glorious visibility for the subsequent two years.”

Money at financial institution improved to £23.3m regardless of the enterprise making £5.8m of Worker Possession Belief funds through the yr.

The group mentioned all three core divisions made a revenue, generated money and elevated web property.

Engineering Companies lifted revenue by a 3rd regardless of barely decrease turnover round £100m, helped by improved undertaking choice and tighter supply controls.

Dwelling grew each turnover and revenue, with its order ebook surging 67% to offer the enterprise visibility for the subsequent two to a few years.

Particular Tasks noticed turnover fall sharply however stayed worthwhile by means of strict overhead management and stronger industrial administration.

The accounts additionally revealed a £5.5m disposal revenue from the sale of Briggs & Forrester Constructing Companies Upkeep to BGIS in December 2024, producing £6m of web money proceeds serving to to help reserves.