Billington Holdings PLC
LSE:BILN
Billington Holdings PLC
Billington Holdings Plc is a holding company, which engages in the design, manufacture, and installation of structural steelwork through its subsidiaries. The company is headquartered in Barnsley, South Yorkshire and currently employs 379 full-time employees. The firm operates as a designer, manufacturer and installer of structural steelwork, through its subsidiaries, Billington Structures Limited and Peter Marshall Steel Stairs Limited, and as a supplier of safety solutions and barrier systems to the construction industry, through its subsidiary, easi-edge Limited. The firm also provides re-usable and ecofriendly site hoarding solutions, through its subsidiary, hoard-it Limited. Billington Structures Limited's projects include Earls Gate Energy Centre, Scotland; Sandwell Aquatics Centre in Smethwick; Aldi Regional Distribution Centre, Long Eaton; Magna Park, Lutterworth; One New Bailey, Salford, and Wellington Place, Leeds. easi-edge Limited's projects include Woodford Primary School, Stockport; Thorpe Park, Leeds; One Baltic Square, Liverpool, and Horsforth School, Leeds.
Billington Holdings Plc is a holding company, which engages in the design, manufacture, and installation of structural steelwork through its subsidiaries. The company is headquartered in Barnsley, South Yorkshire and currently employs 379 full-time employees. The firm operates as a designer, manufacturer and installer of structural steelwork, through its subsidiaries, Billington Structures Limited and Peter Marshall Steel Stairs Limited, and as a supplier of safety solutions and barrier systems to the construction industry, through its subsidiary, easi-edge Limited. The firm also provides re-usable and ecofriendly site hoarding solutions, through its subsidiary, hoard-it Limited. Billington Structures Limited's projects include Earls Gate Energy Centre, Scotland; Sandwell Aquatics Centre in Smethwick; Aldi Regional Distribution Centre, Long Eaton; Magna Park, Lutterworth; One New Bailey, Salford, and Wellington Place, Leeds. easi-edge Limited's projects include Woodford Primary School, Stockport; Thorpe Park, Leeds; One Baltic Square, Liverpool, and Horsforth School, Leeds.
Revenue Decline: Revenue fell to GBP 41.8 million in H1 2025, reflecting a shift toward more complex, lower steel content projects.
Profit Impact: Profit before tax was GBP 1.7 million, down due to project delays and subdued market conditions.
Order Book & Outlook: Strong order book extends into 2026, with substantial profit deferred into 2026 because of client-led project delays.
Cash & Dividends: Cash balance at GBP 18.7 million as of June 30, with no debt and a 25p per share dividend paid after the period.
Capital Investment: Final phase of a multi-year capex program mostly complete, but some spending now expected in 2026.
Market Environment: Management described the industry as highly competitive, with pricing pressure and ongoing demand weakness.
Acquisition Strategy: The company remains open to acquisitions, supported by surplus cash and an undrawn GBP 6 million facility.
