Read our Annual Report and Accounts that accompany our financial results 2021-22.
We are pleased to announce solid financial results for the year 2021-22, showcasing resilience in turbulent and volatile markets:
Despite the ongoing challenges of the trading environment caused by material shortages, inflationary pressures, and further exacerbated by the Ukraine conflict, we have maintained a solid performance and a robust cash position.
As a Tier 1 contractor, we have kept a prudent approach guided by our values, applying strategic focus on nurturing strong relationships with our clients, industry peers and supply chain partners externally, getting closer to communities to create social value, tackling climate change and promoting an inclusive culture for our people.
This, combined with Build Sure, our systematic approach to delivering excellence that underpins each of our projects, has enabled the business to deliver in an ever complex and difficult geopolitical context. Amongst our top achievements last year, we successfully completed the restoration of the Elizabeth Tower, one of the most iconic landmarks in the country.
We have once again had to face unprecedented challenges as an industry. As a family led business with more than 150 years of history, the strong relationships that we nurture with our clients, supply chain partners, consultants, communities and industry peers, as well as our uncompromising approach to delivering excellence has allowed us to maintain our performance.
Paul Hamer Chief Executive
A family-owned building and infrastructure company operating across the UK, we have been proudly building Britain’s future heritage since 1869.
Our people share one vision: to be renowned for our work with clients and communities as we construct a better world for future generations.
Client-led and project-focused, we have a clear strategy designed to ensure we build on our strengths and realise our full potential.
Underpinning our approach is a commitment to excellence in all we do and a values-led approach to business.
We want to be renowned for our work with clients and communities as we construct a better world for future generations.
Paul Hamer Chief Executive
In May this year, in response to the challenging environment affecting the industry, we developed and implemented a new strategy, Evolving SRM, resting on three pillars, “Focus, Adapt, Evolve”. The strategy aims to drive profitable growth, reduce risks, and capitalise on opportunities. This saw the company transition from a regional operating model to a national, sector-focused model, with centres of excellence providing projects with swift access to expertise, evolving SRM for future generations.
We are prioritising sectors where we have been most successful; these include Infrastructure, Healthcare, Commercial Offices, Industrial, as well as the heritage and complex schemes delivered by our Major & Special Projects team. The move is expected to set the business up for sustained success, as the built environment evolves rapidly, create more value for our clients and offer more rewarding career paths to our people.
We remain guided by our values and operate in an unquestionably ethical and responsible manner, for the benefit of our people, communities, and the planet.
We develop lasting sustainability programmes, tools, and expertise that respond to the ever-evolving needs of our clients and our sector.
As we embed sustainability ever deeper into our business, we are improving how we operate:
Our sustainability strategy gives us the freedom to consistently deliver solutions that provide lasting benefit to our clients, our local communities and the environments in which we work.
We also recently achieved a significant milestone as the Science Based Targets initiative (SBTi) verified our Carbon Reduction Pathway and strategy aligned to limit global warming to 1.5oc above industrial levels.
In uncertain times, we know how important the steadfast support of a trusted partner is. We look to deepen our client relationships, in the knowledge that by working more closely we gain strength from each other and are better placed to navigate the respective challenges our teams face.
A key element of our Evolving SRM strategy is the investment we make in our people. With the strength of our brand attracting the brightest and best the industry has to offer, our focus is on ensuring they have the opportunities and developmental support that ensures they fulfil their potential.
In challenging times, the strength of our relationships with our established supply chain is more important than ever. Our supply chain partners are an extension of our team. They share our values, our approach and our commitment to excellence in project delivery, helping us drive innovation and deliver best value for our clients.
Proudly building Britain’s future heritage goes beyond the projects we deliver and extends to the positive, long-lasting legacy we leave within society. In 2021/22, through our relationship with ActionFunder, a social platform using “tech for good” to match businesses with communities, we embarked on our third year of Strong Foundations Grants supporting grassroot initiatives and charity groups across the UK. So far, 95 projects have been funded, reaching an estimated 70,000 beneficiaries.
We have been on a journey to drive a culture that is truly inclusive and where everyone can thrive. Being inclusive reflects the family values at the core of who we are. As an inclusive business, we want to provide the best possible working environment for all our people.
The industry has been facing unprecedented challenges, and, more than ever, we believe that close collaboration with our peers across construction is key to building resilience and driving productivity and performance, for the benefits of the wider economy and all in society.
Our partnerships with cancer support charity Maggie’s, ParalympicsGB and the Construction Youth Trust are a source of immense pride.
We’ve been working with Maggie’s for more than a decade, supporting the vital work they do to help those impacted by cancer. Our people have taken Maggie’s to their hearts and Spring 2022 saw us mark a milestone six years in the making as we reached our £1m fundraising target for the charity.
Our relationship with the Construction Youth Trust (CYT) goes back to the 1960s. We were involved in founding the charity back then and have worked with the CYT ever since to inspire and enable young people to overcome barriers and follow a career in the construction and built environment sector.
We’ve been an official partner of the British Paralympic Association since 2019 and will be supporting the team all the way to Paris 2024. It’s an honour to be able to provide our backing for what is the most inspirational group of athletes in the UK. The values we share with ParalympicsGB: a commitment to the constant pursuit of excellence and a passion for inclusion, make this a very special partnership.
