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Buckingham Group turnover hits record level

Buckingham Group increased its turnover to a record £507m in the financial year ending 31 December 2018, up 20 per cent on 2017.

Accounts released today confirm figures revealed by Construction News last week where the group rose to 33rd on the CN100 list of the UK’s biggest contractors.

As revealed by CN, the firm secured a margin of 2 per cent and made a pre-tax profit of £10.3m, down from £14.4m.

The accounts show a forward order book worth £730m.

Stadium and other leisure work accounted for much of the firm’s growth with roofing on Tottenham Hotspur’s new ground and the Royal Horticultural Society at Wisley in Surrey highlighted in the accounts.

This year the firm is working on a stadium for York City FC, Fulham FC’s expansion and the £120m Swansea Arena.

In June, CN went on site with the contractor at Brentford FC where it is delivering a £60m new ground for the club within a triangle of railway lines (pictured).

Buckingham Group director for sports and leisure Kevin Underwood outlined the technical challenges of building in such a space.

Group managing director Mike Kempley said: “The outlook is promising with secured workload growing in line with forecasts, with key clients committing to longer-term strategic programmes.

“Work from new clients is also boosting turnover and workload.”

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