Hillsborough-based construction contractor and developer, GRAHAM, has achieved a significant milestone by surpassing a turnover of £1.094 billion, according to recently published accounts. This represents a 15.3% increase compared to the Group's 2022 results of £948.3 million. The company's cash reserves have also seen a substantial boost, rising by 28% to £177.1 million compared to £127.1 million in 2022. GRAHAM's profit before tax stands at a healthy £15.1 million.
GRAHAM's success can be attributed to the completion of major projects across various market sectors, including building, civil engineering, interior fit-out, facilities management, and development management. Notable projects in their national portfolio include the transformative Buchanan Wharf mixed-use scheme in Glasgow, the University of York's student accommodation residences, the Poynton Relief Road in Cheshire, Imperial College London's new School of Public Health, and a nationwide modernisation program for Marks & Spencer.
GRAHAM is finalising several significant projects, such as the Loft Lines housing development in Titanic Quarter, Belfast, which will create 778 new homes. Other headline projects include the second phase of Belfast Harbour Studios, Down High School's new school in Downpatrick, a 12-storey student accommodation block on Nelson Street, and various projects for NI Water.
Andrew Bill, GRAHAM Group Chief Executive Officer, said: "We are very pleased with these latest published accounts, which demonstrate a strong performance in our core markets. This has been achieved despite the complexity of the current inflationary environment and other notable external factors. Strong governance and commercial management are at the heart of our approach to sustainable growth. We focus on quality delivery and take pride in our record for securing repeat business and the development of collaborative client relationships. The adoption of a pragmatic and selective approach to work winning, built on a platform of risk management, allows us to positively approach the rest of 2023, and beyond. With a significant pipeline of opportunity, which is strong in both volume and quality, we look forward to the future with continued optimism."
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