Growth in its piling division helped to drive a 65.6% increase in turnover in Keltbray’s demolition and civil engineering business in 2014, according to trading figures released today.
The business delivered sales of £158.4M last year, compared to £95.7M in 2013, and helped the Keltbray Group as a whole record a 50% jump in revenues to £216.9M in 2014.
“Our piling business is now established as a major player and allows us to offer an integrated service to our clients, which cannot be matched in the UK market,” said Keltbray CEO Brendan Kerr. “As part of our works at Chelsea Barracks, the piling business was awarded a £10M contract for secant piling that was successfully completed in a tight timeframe of 34 weeks.”
According to a statement from Keltbray, the piling division delivered an increase of more than 100% in revenues last year.
Kelbray said: “Gross profit increase was 47.4% which was less than the turnover increase. Gross margins in the demolition and civils business were down on 2013 which reflects fewer but more profitable jobs in 2013, some loss makers in 2014 and an increase in labour and materials cost as the market improves. The piling percentage business percentage increase in gross profit was in excess of its turnover percentage increase.”