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In 2024, the contractor increased revenue by 7% to \u00a3542m but made a bigger leap in profitability, with operating profit jumping from \u00a33.8m to \u00a311.5m, lifting its margin from 0.7% to 2.1%.<\/p>\n
That shift marks a key milestone for the group in only its second full year as an independent business, driven by stronger performances in building, fit-out and engineering. Infrastructure also saw big gains after a turnaround year.<\/p>\n
Tilbury Douglas secured over \u00a3637m of new work during the year and ended with a \u00a31.26bn forward order book, rising to \u00a31.32bn by March.<\/p>\n
This covers the 2025 revenue target and 69% of 2026\u2019s.<\/p>\n
Chief executive Chris Tatton said: \u201cTilbury Douglas continues to enjoy improving performance, which brings financial and business stability.<\/p>\n
\u201cWith a robust long-term order book, a strategy well-aligned to national needs, and talented people and suppliers, our group has a strong platform to continue delivering great projects for our valued customers.\u201d<\/p>\n
Projects in education, health, justice, defence and water now make up over 90% of revenue. Key 2025 wins include new schools, prison jobs, and the Barbican renewal.<\/p>\n<\/p><\/div>\n