NuGen Properties

Billington raises expectations


Billington supplied steelwork for Manchester’s Circle Square development

In a trading update today, Billington said that its 2023 financial results will be ahead of previous market expectations.

In September the Barnsley-based company posted record first-half results, with revenues up 30% to £60m and a threefold increase in pre-tax profits. [See previous report here.] Today it reports that trading has continued to be strong across the group, “with further good quality orders secured and increased volumes being delivered in the second half of the year”.

Improved manufacturing efficiencies were continuing to yield benefits and the final determination of contract values were working in its favour.

Chief executive Mark Smith said: “The strong performance we achieved in the first half of 2023 has continued into the second half.  The benefit of efficiency enhancements implemented throughout the group, combined with a diverse range of successfully delivered contracts in 2023, means that I am pleased to report that I now expect the group to achieve revenue and profits for 2023 ahead of previous market expectations. 

“Going forward into 2024 we have a healthy pipeline of further opportunities. However, we do remain mindful of continuing inflationary pressures and an uncertain macroeconomic outlook, but with our strong balance sheet I do believe the group is well positioned for the future.”

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Nugen Properties

Customer Reviews

Dan Morten 18/01/22

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Easy to work with, Jordan and the team were professional and were easy to communicate with.
Would highly recommend.

Di Hayes 20/08/22

Google
NuGen Properties built an extension to the rear of my property, replacing the old conservatory. I am so pleased I chose this company. From the initial quotation, through the build and after they were professional, polite & well mannered. They kept the site tidy throughout the build and kept me informed of each stage as it happened. The work was finished to a good standard and I have had nothing but compliments on their work. I am already planning for them to come back and do some more work for me in a few months. I would 100% recommend them.

Bradley Eyles 20/06/23

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Nugen were fantastic throughout the works they carried out on my property, Jordan provided constant updates and ensure any questions I had were always answered. All works were completed in a timely fashion, on budget and exceptional customer service. Highly recommend!

Sonny Carter-heyward 29/02/22

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Brilliant service, renovated my house to make a dream a reality. Thanks guys

sitemanager 22/01/23

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Great firm to communicate with fast and good quality work.