The structural steel specialist issued a profit warning last month as revenue slid almost 28% to \u00a342m in the six months to 30 June 2025 as three big contracts suffered delays sending pre-tax profit tumbling two-thirds to \u00a31.7m.<\/p>\n
In a Stock Exchange announcement Billington said: \u201cIf completed, this restructuring would see the Group\u2019s Yate facility in Bristol closed and the consolidation of structural steel operations at Billington\u2019s Wombwell and Shafton sites in Barnsley.<\/p>\n
\u201cThe Board continually reviews the Group\u2019s operations to ensure that they are structured in the most optimally efficient manner and are reflective of the current and projected future market environments in which Billington operates.<\/p>\n
\u201cA consolidation at Barnsley would provide the Group with the flexibility to more closely align operational capacity with market demand, together with reducing overheads and delivering significant cost and operational efficiencies.<\/p>\n
\u201cThe Company has commenced a consultation with the potentially affected employees at Yate, following which a formal decision will be made on the future of the Yate facility.\u00a0 Further announcements will be made in due course as appropriate.\u201d<\/p>\n<\/p><\/div>\n
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