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The annual report of NG Bailey Group Limited reveals record sales last year, along with improved profitability, order book growth and strong cash generation.

For the year to 28 February 2025 turnover was up 10% to £662m (2024: £600m), underlying operating profit was up 44% at £15.0m (2024: £11.2m) and pre-tax profit was up 65% at £17.7m (2024: £10.7m).

Cash and investments at year-end reached £92m (2024: £70m) and the business has no debt.

NG Bailey remains family-owned and describes itself as the UK’s largest independent engineering and infrastructure services provider.

In the business review section of the annual report, the board set out the challenges and the strategy: “UK construction and infrastructure markets continue to face challenges from structural labour shortages, supply chain instability and a sluggish UK economy, exacerbated by geopolitical tensions. The full impact of the recent increase in national insurance contributions is also yet to be felt.

“In this context, we remain highly selective with the contracts we undertake, maintaining a balanced portfolio of activities. Our high quality order book has grown further to £1.6bn (2024: £1.4bn) whilst becoming lower risk. We have an increasing proportion of work directly with end clients alongside work through our preferred main contractors, and a healthy mix of project work and predictable, recurring income contracts. A robust pipeline of work in markets with high barriers to entry and that are resilient during economic downturns, such as defence, healthcare and rails, helps spread risk and give the group more stability overall.”

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