Gilbert-Ash, the leading UK construction, refurbishment and fit out contractor, has announced its financial results for the year ended 31 December 2017, which confirm a 50% increase in pre-tax profits, reaching over £2 million, up from £1.4 million in 2016. Additionally, the contractor reported an overall turnover of £165.5 million, an increase from £148 million in the previous year.
Having worked on several landmark buildings in the UK across a range of niche sectors, Gilbert-Ash managed to drive financial turnover and growth. Some of the company’s prestigious work includes the £19.5 million Cambridge Mosque project, the £21.5 million build of the AC Marriott Hotel in Belfast, as well as the award-winning City of London Freemen’s School swimming pool and the £20.5 million new build of the renowned Mountview Academy of Theatre Arts with Dame Judi Dench at the helm as President.
“Whilst market conditions remain highly competitive, the results emphasise the continued success of our strategy to focus on our strengths and invest in national and international markets to deliver landmark buildings. Gilbert-Ash is an employee owned company which certainly leads to a unique working culture and family environment, and the results are in no small part down to this environment and ‘can do’ attitude of our dedicated team. We have had the privilege of working with excellent clients, partners and suppliers, and we really do work as one to deliver innovative, bespoke buildings across the landscape,” commented Ray Hutchinson, Managing Director, Gilbert-Ash.
The company is a trusted partner and strong client relationships have led to significant repeat business, including a relationship with Foreign and Commonwealth Office spanning over 20 years and 43 countries, including work in France, Nepal, Sri Lanka and Hungary in 2017.
Another one of Gilbert-Ash’s achievements for the year is being recognised within the industry by winning the coveted ‘Contractor of the Year’ title in the UK Construction News Awards.