The Briggs and Forrester Group is anticipating significant growth during 2018 which will see the Groups revenues jump 24% to £225m whilst expanding its specialist operations across the UK.
“The Group has celebrated another successful year with a pre-tax profit of £5.7m (3.1%) on revenues of £182m generating a strong year-end balance sheet position and a cash balance of £32.5m. The Group was fortunate not to suffer significantly from Carillion’s demise and moves forward positively without any material financial impact to the business,” says Group CEO, Paul Burton.
“Our Management teams sights are firmly focused on delivering ‘Excellence at every level’ for our clients with a strong secured forward order book of £296m (2016: £202m). A strong pipeline of prestigious projects in the final stages of negotiation totalling more than £130m (2016: £74m) gives a record £430m potential forward order book position supporting an aspiration to deliver £250m of revenue in 2019.”
Some notable project wins helping Briggs and Forrester to jump 45% in forward orders include high quality residential developments in London, such as the prestigious One Blackfriars Tower and Newfoundland Tower in Canary Wharf, educational facilities which include the St. Mary Magdalene school in Greenwich and new build Cryfields Student Accommodation at the University of Warwick, and further opportunities secured with Dyson in Malmesbury on the D5, D7 and D8 facilities.
Paul Burton said, “Despite the significant increase in revenues being forecast, the Group has planned for growth and invested in the necessary infrastructure and staff to service our valued client’s ongoing forward requirements.”
The Briggs and Forrester Group now employs over 800 staff across 11 UK based offices. “We have invested in our most important asset, our people, refurbishing areas of head office in Northampton and our Cambridge office. The Group also relocated to larger, modernised premises in Bristol and has opened a new office in Cardiff. We now offer the delivery of our residential specialism across the UK including Birmingham and the Northern Powerhouse of Manchester and Liverpool through Briggs and Forrester Living.”
“During 2017 the Group won the coveted Construction Enquirer ‘Best Specialist Contractor to work for over £25m’ award. This is highly prized by the Group as it was voted for by our employees, supply chain and clients. A number of staff were also recognised as winners of various prestigious awards including; Dan Martins who won a Bronze Medal at the WorldSkills finals in Abu Dhabi, Johanna Dorey, Best Plumbing Apprentice at the Berkeley Group Apprentice Awards and Curtis Castledine who won BESA Building Services Apprentice of the year and the Alfred Manly Management Award.”
“The introduction of a new behavioural safety initiative, ‘our site, our safety, our lives’, engages staff at all levels and empowers them to make a real difference across our sites. This initiative is delivered across the Group by our excellent HSEQ team during site audits and workshops helping to keep our sites safe.”
“The Group has a long history of supporting local charitable organizations that are close to our employee’s hearts and to celebrate our 70th year we were proud to launch the Briggs and Forrester Foundation, with the raising of more than £25,000 for local charitable organisations across the country. Our well supported bi-annual Supply Chain golf day raised £15,000 and as we expand our geographical reach, it is important to us that we continue to support local charities across the UK.”
“Moving into 2018, we are very proud of our 70 year heritage and with a focused owner managed team approach we can deliver on our commitment to providing ‘Excellence at every level’, with an emphasis on the needs of our clients, staff and all-important supply chain.”