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Home Supply Chain Keltbray announces return to profit in new figures

Keltbray announces return to profit in new figures

Keltbray, the specialist engineering and construction group, has announced its latest figures, describing them as a “strong performance”.

Annual turnover was £390 million for the year ending 31 October 2021, which Keltbray describes as being in line with its strategy of aligning capabilities with attractive UK growth sectors.

The group announced a return to adjusted profit before interest, tax and exceptional items of £5.7m, up from a £6.0m loss in FY2020.

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Brendan Kerr, group executive chairman, said: “I am extremely proud of our strong performance as we continue to demonstrate the agility and commitment necessary to deliver the essential services our customers require and that protect our business for the future.”

Darren James, group chief executive, said: “We are pleased to have delivered good results with strong order book growth, as we return to profit.

“We continue to make significant strategic progress to transition Keltbray into the UK’s leading specialist engineering and construction services provider.

“As a large and increasingly diverse engineering specialist, with a strong UK-wide brand and delivery footprint, we are well positioned to deliver on our core purpose to redefine the way sustainable development is delivered.”

Peter Burnside, group chief financial officer said: “The Group has continued to work hard to face up to the prevailing social and economic challenges and posted an improved financial performance in the 2021 financial year.

“Our continued determination to be agile and innovative has ensured that our future pipeline of prospects is strong.”

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