Published 9th Mar 2023, 16:45 BST

Ahead of the company’s full year results, on April 18, the firm reported that trading has continued to be strong, with further good quality orders secured in the current year and a “healthy pipeline” of opportunities.

Mark Smith, CEO of Billington, said: "The recovery in activity we experienced in 2022 has continued into 2023. The benefit of efficiency enhancements implemented throughout the Group, combined with a strong order book and a healthy pipeline of further opportunities, provides increased confidence in delivering an improved Group financial performance.

“I am therefore pleased to report that I now expect the Group to achieve profits for 2023 ahead of current market expectations. I look forward to commenting further on current trading at the time of the release of our 2022 results.”

Billington Holdings has announced that it expects profit before tax to be ahead of market expectations in its full year results, which are set to be released next month.

The firm notes that as a result of strong cash management during 2022, combined with confidence in future earnings and related cash generation, the Board also expects to declare a final dividend for the year ahead of market expectations.

In April of 2022, the firm was forced to write off more than £1 million after one of its main contractor clients collapsed. Last year’s results saw the firm’s revenues rise by 25 per cent to £82.7 million. EBITDA, however, fell from £3.6 million to £3.3 million.

Yorkshire-based Billington Holdings expects profits ahead of market expectations