Galliford Try Surpasses Profit and Revenue Forecasts Amid Strong Growth
Construction firm Galliford Try has exceeded expectations with both revenue and profit growth, as a surge in building and infrastructure projects bolstered the company’s performance.
The Uxbridge-based company reported a 27.2% increase in revenues for the year ending June 30, reaching £1.77 billion.
Shares in the firm rose by 4.3% in early trading on Thursday as executives expressed confidence in the company’s future prospects. Galliford Try’s chief executive, Bill Hocking, pointed to a “strong pipeline” of new opportunities and praised the firm’s focus on careful risk management and contract selection, saying, “Our strong progress, well ahead of plan, provided us with the confidence to reset our ambitions over the mid-term.”
The company’s building division posted a 17.7% increase in revenues, totalling £938.3 million. This growth was attributed to projects that had been delayed by public sector procurement issues and inflationary pressures, which are now back on track.
Galliford Try’s infrastructure division, which focuses on highways and environmental projects, saw an even larger increase of 38.8%, with revenues climbing to £819.8 million.
Pre-exceptional profits before tax surged by almost 40% to £32.7 million, reflecting the company’s year-on-year solid performance. Hocking emphasised that Galliford Try would continue to focus on “delivering strong performance,” supported by its robust balance sheet and solid client relationships.
Julie Palmer, partner at Begbies Traynor, commended the company’s resilience in a challenging year for the construction sector, noting the rise in insolvencies across the industry. “Galliford Try has adeptly weathered the storm, delivering a solid performance,” she said, adding that the results are particularly impressive in light of the sector’s economic pressures.
Despite concerns about potential challenges in the wider construction market, the company remains optimistic, buoyed by its current order book and future opportunities.
HAKI Safety Expands Geodesy Offerings in Norway
HAKI Safety has broadened its geodesy product range in Norway, thanks to its subsidiary, Norgeodesi, securing the sales rights for Trimble’s BuildingPoint instruments and software.
This development positions the company to offer advanced total station equipment to a broader range of customers who require precise measurement and surveying solutions.
Norgeodesi, already an authorised distributor of Trimble’s surveying instruments in Norway, is renowned for providing specialised equipment for the construction, civil engineering, and surveying sectors. With this new expansion, the company will offer Trimble’s BuildingPoint technology, further enhancing its portfolio for customers in industries such as construction and public infrastructure projects.
Joh Einar Solhaug, Managing Director of Norgeodesi at HAKI Safety, expressed his excitement about the opportunity to introduce this advanced technology to new markets:
“I am delighted to have the opportunity to market and sell Trimble’s BuildingPoint on the Norwegian market. Norgeodesi has delivered products for surveying and road and tunnel projects for many years. With the expanded Trimble product range, we can target new customers and sectors, broadening our markets. We also see synergies with HAKI Safety’s other product ranges for temporary workplaces, which creates added value for our customers.”
Norgeodesi has a long history of expertise in the geodesy field, having been an authorised distributor of the Swedish Geodimeter since 1983, prior to its acquisition by Trimble in 2000. This established relationship allows the company to provide state-of-the-art equipment and comprehensive services, including technical support, maintenance, and training.
The expansion of Norgeodesi’s Trimble offerings is expected to strengthen its presence in key sectors, particularly municipal and public works and private construction and engineering firms across Norway.
Data Report Highlights Sector-Wide Impact of ISG’s Sudden Collapse
The sudden collapse of ISG has sent ripples through the UK construction industry, leaving numerous projects in jeopardy and sparking concern across the sector.
In response, Glenigan has released an in-depth report shedding light on the extent of the impact and the potential opportunities for companies able to adapt to the situation.
The collapse has had a particularly strong impact on London, where 24 projects, collectively valued at £1.863 billion, have been halted. This includes two data centre developments, each worth over £150 million, which are now stalled. The effects are not limited to the capital, with businesses across the country facing uncertainty and financial strain.
Glenigan’s regional analysis highlights the significant disruption but also points to the commercial opportunities for agile suppliers to step in. “This situation presents a major problem for both contractors and subcontractors, many of which will be left seriously out of pocket, putting a large number of jobs on the line,” Glenigan reports.
The Numbers Behind the Crisis
According to Glenigan’s analysis, ISG had a substantial presence in the UK construction market. A third of its project pipeline was dedicated to public sector work, while industrial, commercial, and private housing projects accounted for over £2.8 billion of its active contracts. Several high-profile developments have been thrown into uncertainty, including:- Fujifilm Diosynth Biotechnologies Facility in Billingham, valued at £200 million
- Slough Data Centre Campus Phase 2 in Berkshire, worth another £200 million
- Institute of Neurology for UCL in London, at £158 million
Regional Fallout
The collapse has had a particularly strong impact on London, where 24 projects, collectively valued at £1.863 billion, have been halted. This includes two data centre developments, each worth over £150 million, which are now stalled. The effects are not limited to the capital, with businesses across the country facing uncertainty and financial strain.
Glenigan’s regional analysis highlights the significant disruption but also points to the commercial opportunities for agile suppliers to step in. “This situation presents a major problem for both contractors and subcontractors, many of which will be left seriously out of pocket, putting a large number of jobs on the line,” Glenigan reports.
Opportunities Amid the Uncertainty
Despite the immediate challenges, Glenigan’s data suggests there could be openings for companies able to quickly pivot. “There is a commercial opportunity for agile suppliers to step into the breach, ensuring many of these projects do not fall behind and involved subcontractors are supported,” Glenigan stated. While the full extent of ISG’s collapse is still unfolding, it’s clear that the construction industry faces significant challenges in the months ahead. However, for those companies prepared to respond rapidly, there may be room to navigate through the disruption and take on new projects, potentially offsetting some of the broader industry impacts.Data Report Highlights Sector-Wide Impact of ISG’s Sudden Collapse
The sudden collapse of ISG has sent ripples through the UK construction industry, leaving numerous projects in jeopardy and sparking concern across the sector.
In response, Glenigan has released an in-depth report shedding light on the extent of the impact and the potential opportunities for companies able to adapt to the situation.
The collapse has had a particularly strong impact on London, where 24 projects, collectively valued at £1.863 billion, have been halted. This includes two data centre developments, each worth over £150 million, which are now stalled. The effects are not limited to the capital, with businesses across the country facing uncertainty and financial strain.
Glenigan’s regional analysis highlights the significant disruption but also points to the commercial opportunities for agile suppliers to step in. “This situation presents a major problem for both contractors and subcontractors, many of which will be left seriously out of pocket, putting a large number of jobs on the line,” Glenigan reports.
The Numbers Behind the Crisis
According to Glenigan’s analysis, ISG had a substantial presence in the UK construction market. A third of its project pipeline was dedicated to public sector work, while industrial, commercial, and private housing projects accounted for over £2.8 billion of its active contracts. Several high-profile developments have been thrown into uncertainty, including:- Fujifilm Diosynth Biotechnologies Facility in Billingham, valued at £200 million
- Slough Data Centre Campus Phase 2 in Berkshire, worth another £200 million
- Institute of Neurology for UCL in London, at £158 million
Regional Fallout
The collapse has had a particularly strong impact on London, where 24 projects, collectively valued at £1.863 billion, have been halted. This includes two data centre developments, each worth over £150 million, which are now stalled. The effects are not limited to the capital, with businesses across the country facing uncertainty and financial strain.
Glenigan’s regional analysis highlights the significant disruption but also points to the commercial opportunities for agile suppliers to step in. “This situation presents a major problem for both contractors and subcontractors, many of which will be left seriously out of pocket, putting a large number of jobs on the line,” Glenigan reports.
Opportunities Amid the Uncertainty
Despite the immediate challenges, Glenigan’s data suggests there could be openings for companies able to quickly pivot. “There is a commercial opportunity for agile suppliers to step into the breach, ensuring many of these projects do not fall behind and involved subcontractors are supported,” Glenigan stated. While the full extent of ISG’s collapse is still unfolding, it’s clear that the construction industry faces significant challenges in the months ahead. However, for those companies prepared to respond rapidly, there may be room to navigate through the disruption and take on new projects, potentially offsetting some of the broader industry impacts.Data Report Highlights Sector-Wide Impact of ISG’s Sudden Collapse
The sudden collapse of ISG has sent ripples through the UK construction industry, leaving numerous projects in jeopardy and sparking concern across the sector.
In response, Glenigan has released an in-depth report shedding light on the extent of the impact and the potential opportunities for companies able to adapt to the situation.
The collapse has had a particularly strong impact on London, where 24 projects, collectively valued at £1.863 billion, have been halted. This includes two data centre developments, each worth over £150 million, which are now stalled. The effects are not limited to the capital, with businesses across the country facing uncertainty and financial strain.
Glenigan’s regional analysis highlights the significant disruption but also points to the commercial opportunities for agile suppliers to step in. “This situation presents a major problem for both contractors and subcontractors, many of which will be left seriously out of pocket, putting a large number of jobs on the line,” Glenigan reports.
The Numbers Behind the Crisis
According to Glenigan’s analysis, ISG had a substantial presence in the UK construction market. A third of its project pipeline was dedicated to public sector work, while industrial, commercial, and private housing projects accounted for over £2.8 billion of its active contracts. Several high-profile developments have been thrown into uncertainty, including:- Fujifilm Diosynth Biotechnologies Facility in Billingham, valued at £200 million
- Slough Data Centre Campus Phase 2 in Berkshire, worth another £200 million
- Institute of Neurology for UCL in London, at £158 million
Regional Fallout
The collapse has had a particularly strong impact on London, where 24 projects, collectively valued at £1.863 billion, have been halted. This includes two data centre developments, each worth over £150 million, which are now stalled. The effects are not limited to the capital, with businesses across the country facing uncertainty and financial strain.
Glenigan’s regional analysis highlights the significant disruption but also points to the commercial opportunities for agile suppliers to step in. “This situation presents a major problem for both contractors and subcontractors, many of which will be left seriously out of pocket, putting a large number of jobs on the line,” Glenigan reports.
Opportunities Amid the Uncertainty
Despite the immediate challenges, Glenigan’s data suggests there could be openings for companies able to quickly pivot. “There is a commercial opportunity for agile suppliers to step into the breach, ensuring many of these projects do not fall behind and involved subcontractors are supported,” Glenigan stated. While the full extent of ISG’s collapse is still unfolding, it’s clear that the construction industry faces significant challenges in the months ahead. However, for those companies prepared to respond rapidly, there may be room to navigate through the disruption and take on new projects, potentially offsetting some of the broader industry impacts.Data Report Highlights Sector-Wide Impact of ISG’s Sudden Collapse
The sudden collapse of ISG has sent ripples through the UK construction industry, leaving numerous projects in jeopardy and sparking concern across the sector.
In response, Glenigan has released an in-depth report shedding light on the extent of the impact and the potential opportunities for companies able to adapt to the situation.
The collapse has had a particularly strong impact on London, where 24 projects, collectively valued at £1.863 billion, have been halted. This includes two data centre developments, each worth over £150 million, which are now stalled. The effects are not limited to the capital, with businesses across the country facing uncertainty and financial strain.
Glenigan’s regional analysis highlights the significant disruption but also points to the commercial opportunities for agile suppliers to step in. “This situation presents a major problem for both contractors and subcontractors, many of which will be left seriously out of pocket, putting a large number of jobs on the line,” Glenigan reports.
The Numbers Behind the Crisis
According to Glenigan’s analysis, ISG had a substantial presence in the UK construction market. A third of its project pipeline was dedicated to public sector work, while industrial, commercial, and private housing projects accounted for over £2.8 billion of its active contracts. Several high-profile developments have been thrown into uncertainty, including:- Fujifilm Diosynth Biotechnologies Facility in Billingham, valued at £200 million
- Slough Data Centre Campus Phase 2 in Berkshire, worth another £200 million
- Institute of Neurology for UCL in London, at £158 million
Regional Fallout
The collapse has had a particularly strong impact on London, where 24 projects, collectively valued at £1.863 billion, have been halted. This includes two data centre developments, each worth over £150 million, which are now stalled. The effects are not limited to the capital, with businesses across the country facing uncertainty and financial strain.
Glenigan’s regional analysis highlights the significant disruption but also points to the commercial opportunities for agile suppliers to step in. “This situation presents a major problem for both contractors and subcontractors, many of which will be left seriously out of pocket, putting a large number of jobs on the line,” Glenigan reports.
Opportunities Amid the Uncertainty
Despite the immediate challenges, Glenigan’s data suggests there could be openings for companies able to quickly pivot. “There is a commercial opportunity for agile suppliers to step into the breach, ensuring many of these projects do not fall behind and involved subcontractors are supported,” Glenigan stated. While the full extent of ISG’s collapse is still unfolding, it’s clear that the construction industry faces significant challenges in the months ahead. However, for those companies prepared to respond rapidly, there may be room to navigate through the disruption and take on new projects, potentially offsetting some of the broader industry impacts.Data Report Highlights Sector-Wide Impact of ISG’s Sudden Collapse
The sudden collapse of ISG has sent ripples through the UK construction industry, leaving numerous projects in jeopardy and sparking concern across the sector.
In response, Glenigan has released an in-depth report shedding light on the extent of the impact and the potential opportunities for companies able to adapt to the situation.
The collapse has had a particularly strong impact on London, where 24 projects, collectively valued at £1.863 billion, have been halted. This includes two data centre developments, each worth over £150 million, which are now stalled. The effects are not limited to the capital, with businesses across the country facing uncertainty and financial strain.
Glenigan’s regional analysis highlights the significant disruption but also points to the commercial opportunities for agile suppliers to step in. “This situation presents a major problem for both contractors and subcontractors, many of which will be left seriously out of pocket, putting a large number of jobs on the line,” Glenigan reports.
The Numbers Behind the Crisis
According to Glenigan’s analysis, ISG had a substantial presence in the UK construction market. A third of its project pipeline was dedicated to public sector work, while industrial, commercial, and private housing projects accounted for over £2.8 billion of its active contracts. Several high-profile developments have been thrown into uncertainty, including:- Fujifilm Diosynth Biotechnologies Facility in Billingham, valued at £200 million
- Slough Data Centre Campus Phase 2 in Berkshire, worth another £200 million
- Institute of Neurology for UCL in London, at £158 million
Regional Fallout
The collapse has had a particularly strong impact on London, where 24 projects, collectively valued at £1.863 billion, have been halted. This includes two data centre developments, each worth over £150 million, which are now stalled. The effects are not limited to the capital, with businesses across the country facing uncertainty and financial strain.
Glenigan’s regional analysis highlights the significant disruption but also points to the commercial opportunities for agile suppliers to step in. “This situation presents a major problem for both contractors and subcontractors, many of which will be left seriously out of pocket, putting a large number of jobs on the line,” Glenigan reports.
Opportunities Amid the Uncertainty
Despite the immediate challenges, Glenigan’s data suggests there could be openings for companies able to quickly pivot. “There is a commercial opportunity for agile suppliers to step into the breach, ensuring many of these projects do not fall behind and involved subcontractors are supported,” Glenigan stated. While the full extent of ISG’s collapse is still unfolding, it’s clear that the construction industry faces significant challenges in the months ahead. However, for those companies prepared to respond rapidly, there may be room to navigate through the disruption and take on new projects, potentially offsetting some of the broader industry impacts.Data Report Highlights Sector-Wide Impact of ISG’s Sudden Collapse
The sudden collapse of ISG has sent ripples through the UK construction industry, leaving numerous projects in jeopardy and sparking concern across the sector.
In response, Glenigan has released an in-depth report shedding light on the extent of the impact and the potential opportunities for companies able to adapt to the situation.
The collapse has had a particularly strong impact on London, where 24 projects, collectively valued at £1.863 billion, have been halted. This includes two data centre developments, each worth over £150 million, which are now stalled. The effects are not limited to the capital, with businesses across the country facing uncertainty and financial strain.
Glenigan’s regional analysis highlights the significant disruption but also points to the commercial opportunities for agile suppliers to step in. “This situation presents a major problem for both contractors and subcontractors, many of which will be left seriously out of pocket, putting a large number of jobs on the line,” Glenigan reports.
The Numbers Behind the Crisis
According to Glenigan’s analysis, ISG had a substantial presence in the UK construction market. A third of its project pipeline was dedicated to public sector work, while industrial, commercial, and private housing projects accounted for over £2.8 billion of its active contracts. Several high-profile developments have been thrown into uncertainty, including:- Fujifilm Diosynth Biotechnologies Facility in Billingham, valued at £200 million
- Slough Data Centre Campus Phase 2 in Berkshire, worth another £200 million
- Institute of Neurology for UCL in London, at £158 million
Regional Fallout
The collapse has had a particularly strong impact on London, where 24 projects, collectively valued at £1.863 billion, have been halted. This includes two data centre developments, each worth over £150 million, which are now stalled. The effects are not limited to the capital, with businesses across the country facing uncertainty and financial strain.
Glenigan’s regional analysis highlights the significant disruption but also points to the commercial opportunities for agile suppliers to step in. “This situation presents a major problem for both contractors and subcontractors, many of which will be left seriously out of pocket, putting a large number of jobs on the line,” Glenigan reports.
Opportunities Amid the Uncertainty
Despite the immediate challenges, Glenigan’s data suggests there could be openings for companies able to quickly pivot. “There is a commercial opportunity for agile suppliers to step into the breach, ensuring many of these projects do not fall behind and involved subcontractors are supported,” Glenigan stated. While the full extent of ISG’s collapse is still unfolding, it’s clear that the construction industry faces significant challenges in the months ahead. However, for those companies prepared to respond rapidly, there may be room to navigate through the disruption and take on new projects, potentially offsetting some of the broader industry impacts.Data Report Highlights Sector-Wide Impact of ISG’s Sudden Collapse
The sudden collapse of ISG has sent ripples through the UK construction industry, leaving numerous projects in jeopardy and sparking concern across the sector.
In response, Glenigan has released an in-depth report shedding light on the extent of the impact and the potential opportunities for companies able to adapt to the situation.
The collapse has had a particularly strong impact on London, where 24 projects, collectively valued at £1.863 billion, have been halted. This includes two data centre developments, each worth over £150 million, which are now stalled. The effects are not limited to the capital, with businesses across the country facing uncertainty and financial strain.
Glenigan’s regional analysis highlights the significant disruption but also points to the commercial opportunities for agile suppliers to step in. “This situation presents a major problem for both contractors and subcontractors, many of which will be left seriously out of pocket, putting a large number of jobs on the line,” Glenigan reports.
The Numbers Behind the Crisis
According to Glenigan’s analysis, ISG had a substantial presence in the UK construction market. A third of its project pipeline was dedicated to public sector work, while industrial, commercial, and private housing projects accounted for over £2.8 billion of its active contracts. Several high-profile developments have been thrown into uncertainty, including:- Fujifilm Diosynth Biotechnologies Facility in Billingham, valued at £200 million
- Slough Data Centre Campus Phase 2 in Berkshire, worth another £200 million
- Institute of Neurology for UCL in London, at £158 million
Regional Fallout
The collapse has had a particularly strong impact on London, where 24 projects, collectively valued at £1.863 billion, have been halted. This includes two data centre developments, each worth over £150 million, which are now stalled. The effects are not limited to the capital, with businesses across the country facing uncertainty and financial strain.
Glenigan’s regional analysis highlights the significant disruption but also points to the commercial opportunities for agile suppliers to step in. “This situation presents a major problem for both contractors and subcontractors, many of which will be left seriously out of pocket, putting a large number of jobs on the line,” Glenigan reports.
