Firm says current order book is £526m with next set of accounts due in spring
Keltbray has agreed a new credit facility with its principal banker Santander worth £33m over three years.
The firm, which is due to release its latest results for the year to October 2022 this April, said its 2022 year-end liquidity position was £44m.
In a statement, it added: “The Group continues to de-risk the sales order pipeline across its business portfolio by focusing on robust selection governance, targeting projects with acceptable terms, conditions and financial margins, which benefit from our integrated, self-delivery approach.”
It said its 2022 numbers would see underlying year-on-year increases in revenue, pre-tax profit and an order book of £526m.
Chief executive Darren James said: “The new funding facility provides the platform for the next stage of exciting growth in key strategic markets.”
In the year to October 2021, Keltbray said turnover was down to £390m from the £429m posted the year before with pre-tax profit before exceptional items coming in at £5.7m from a £6m loss last time. But exceptionals, which include £7m of costs associated with the Competition and Markets Authority’s bid-rigging probe, meant the firm stayed in the red with a pre-tax loss of £4.2m.
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