Structural steel and construction safety systems specialist Billington Holdings has bounced back to profit despite a 15 per cent fall in revenue.
Wombwell-based Billington has turned a £200,000 loss for the six months to the end of June 2012 into a £252,000 pre-tax profit for the same period this year, on revenue down from £20.1 million to £17.2 million.
Chief executive Steve Fareham said: “The combination of the restructuring action that we completed in 2012, success in securing work in new sectors and early, albeit tentative, signs of market recovery have led to a return to profitability for the group.
“Prospects for the sectors in which we operate are beginning to show slight improvement and, although we remain cautious, we look forward to exploiting the opportunities our markets present in the second half of the year and beyond.”
Billington succeeded in delivering its first projects in the rail and energy sectors – two of the new strategic areas it has been targeting – and its first overseas project, in Scandinavia.