{"id":35350,"date":"2026-05-09T06:28:22","date_gmt":"2026-05-09T13:28:22","guid":{"rendered":"https:\/\/essential.construction\/news\/briggs-forrester-banks-511m-record-pipeline-after-stronger-year\/"},"modified":"2026-05-09T06:28:22","modified_gmt":"2026-05-09T13:28:22","slug":"briggs-forrester-banks-511m-record-pipeline-after-stronger-year","status":"publish","type":"post","link":"https:\/\/essential.construction\/news\/briggs-forrester-banks-511m-record-pipeline-after-stronger-year\/","title":{"rendered":"Briggs &#038; Forrester banks \u00a3511m record pipeline after stronger year"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<p>The Northampton-based building services contractor said the forward workload now represents around two years of future work.<\/p>\n<p>The pipeline is up 18% from \u00a3435m last year and includes \u00a3221m of secured orders plus a further \u00a3290m of contracts in final negotiation.<\/p>\n<p>That covers 89% of next year\u2019s budgeted turnover and 72% of the following year.<\/p>\n<p>The order book surge came despite turnover slipping 3% to \u00a3240m in the year to 31 October 2025.<\/p>\n<p>But tighter project selection and better procurement routes helped boost underlying profit before impairment and tax rise from \u00a32.3m to \u00a33.2m.<\/p>\n<p>The group said it had focused on building a better-quality workload with long-standing clients, developers, end users and main contractors looking for reliable delivery partners.<\/p>\n<p>Current and future project partners include Galliford Try, Willmott Dixon, McLaren and Multiplex.<\/p>\n<p>Jeremy Askew, group finance director at Briggs &amp; Forrester, said: \u201cThis year\u2019s performance reflects the strength of our underlying business and the discipline shown across all parts of the Group.<\/p>\n<p>\u201cDespite a small reduction in turnover, we delivered a significant improvement in profitability, strengthened our cash position, and achieved a record order book that gives us excellent visibility for the next two years.\u201d<\/p>\n<p>Cash at bank improved to \u00a323.3m despite the business making \u00a35.8m of Employee Ownership Trust payments during the year.<\/p>\n<p>The group said all three core divisions made a profit, generated cash and increased net assets.<\/p>\n<p>Engineering Services lifted profit by a third despite slightly lower turnover around \u00a3100m, helped by improved project selection and tighter delivery controls.<\/p>\n<p>Living grew both turnover and profit, with its order book surging 67% to give the business visibility for the next two to three years.<\/p>\n<p>Special Projects saw turnover fall sharply but stayed profitable through strict overhead control and stronger commercial management.<\/p>\n<p>The accounts also revealed a \u00a35.5m disposal profit from the sale of Briggs &amp; Forrester Building Services Maintenance to BGIS in December 2024, generating \u00a36m of net cash proceeds helping to support reserves.<\/p>\n<\/p><\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/www.constructionenquirer.com\/2026\/05\/08\/briggs-forrester-banks-511m-record-pipeline-after-stronger-year\/\" rel=\"nofollow noopener\" target=\"_blank\">This article was originally posted at Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] The Northampton-based building services contractor said the forward workload now represents around two years of future work. The pipeline &#8230; <a title=\"Briggs &#038; Forrester banks \u00a3511m record pipeline after stronger year\" class=\"read-more\" href=\"https:\/\/essential.construction\/news\/briggs-forrester-banks-511m-record-pipeline-after-stronger-year\/\" aria-label=\"Read more about Briggs &#038; Forrester banks \u00a3511m record pipeline after stronger year\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1089],"tags":[],"class_list":["post-35350","post","type-post","status-publish","format-standard","hentry","category-construction-enquirer","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"_links":{"self":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/posts\/35350","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/comments?post=35350"}],"version-history":[{"count":0,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/posts\/35350\/revisions"}],"wp:attachment":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/media?parent=35350"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/categories?post=35350"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/tags?post=35350"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}