Specialist posts positive trading statement

Mark Smith

Steel specialist Billington has said it is on track to beat investors’ profit expectations for the firm.

In a trading statement this morning Billington said its half-year profit for the six months to June 2015 “will be significantly ahead of current market expectations”.

The positive trading update comes after Billington enjoyed a strong 2014.

Billington more than doubled its pre-tax profit in 2014 to £1.9m, up from £0.9m in 2013.

The firm is led by chief executive Mark Smith (pictured).

In April the firm secured the steel package on a one million sq ft distribution warehouse for retailer Next in Doncaster, with the firm providing 5,000 tonnes of structural steel for the project.