After a time of growth driven by returning customers, Henry Brothers has overstepped the £100 million-turnover level.
The contractor from Northern Ireland generated £102. 9 million in revenue for the 12-month period ending March 2026, up from the previous year’s$ 92. 2 %.
Allen Reid, the finance director at Henry Brothers, claimed that the company’s” satisfactory” performance was the result of repeated business and selective bidding.
In his company’s audited accounts, Reid stated that” the directors have continued to pursue the powerful strategy of developing repeat business and cooperating opportunities with important clients. “
The previous month’s results were even deemed sufficient by managers.
In the most recent accounts, the pre-tax margin increased from 4. 7 % to 5. 2 %, driving the most recent accounts ‘ increase from £4. 3 million to £5. 3 million.
The Momentum One Zero technology center’s £37m growth, funded by Queen’s University, was among the project successes of the year.
Reid raised the possibility that companies might bid for operate at “unsustainable profits,” a problem he said was “particularly relevant” given the rising cost of construction.
The managers continue to support our strategy of careful bidding for lucrative job and teaming based on long-term rather than short-term outcomes, he continued.
According to Reid, Henry Brothers ‘ continued funding in its company had result in” continued successes” for the company.
The company’s cash flow increased from £48. 4 million to £55. 1 million, and its annual earnings increased from £1 million to £1. 5 million.
The family-run company said there haven’t been any previous year’s bank loans or mortgages.
Reid claimed that the company “responsibly approached provider payment promptly. ” It paid 55 % of invoices in 30 days, 42 % in 31 to 60 days, and 33 % in 61 days or more, according to information provided by Henry Brothers.
Thȩ company has locatįons in Belfast, Nottingham, Manchester, and Cardross, with įts main offiçe in Magherafelt.
Henry Brothers was named in a £514 million people cover framework for Regenda in December after taking a position on a £15. 4 billion Department for Education framework.
The contractor’s annual salary increased from £9. 4 million to £11 million, and there were 195 more people working for the company last year than there were.
