8build back in the black as fixed-price pivot pays-off

The London-based contractor delivered a £2.2m pre-tax revenue for the yr to 31 March 2025, swinging from a £1.2m loss final day out.

Turnover jumped simply over a 3rd to £167m because the enterprise moved away from lengthy, drawn-out PCSA offers in the direction of lump-sum and design-and-build contracts that convert to web site extra shortly.

Common working margins improved from 0.6% however nonetheless remained tight at 1%.

Money at financial institution additionally climbed 38% to £19m with no debt on the steadiness sheet.

Chief government Nick Bellamy mentioned tighter bid self-discipline, leaner overheads and a report secured pipeline had set the group up for one more sturdy yr.

“The markets, in our expertise, have moved away from the PCSA contracts and moved to extra mounted value lump sum and glued value design and construct contracts.

“This has decreased the time interval from enquiry to building compared to the elongated PCSA durations. This has helped bolster our income for the interval. ”

8build’s progress was additionally powered by a surge in its aviation enterprise. The contractor has lengthy labored with London Metropolis Airport however expanded this yr with new wins at Heathrow and Gatwick.

Bellamy mentioned the agency anticipated one other sturdy efficiency this yr with £157m of turnover already secured for 2025/26 and a £165m ahead order ebook.