Contract Awards

RNS Number : 9995A

Billington Holdings PLC

04 June 2019

 

4 June 2019

Billington Holdings Plc

("Billington", the "Group" or the "Company")

 

Contract Awards

Billington Holdings Plc (AIM: BILN), one of the UK's leading structural steel and construction safety solutions specialists, is pleased to report that its structural steel division, Billington Structures, has been awarded two contracts with a combined value of £30m.

Following strong progress made across the Group in 2018 and the award of £41m of new contracts, announced on 22 November 2018, we are pleased that this momentum has continued with the award of two further significant contracts totaling £30m. These contracts underpin the current contractual pipeline for the Company. There is no change to the Directors' expectations for the financial period ended 31 December 2019 at this time.

Billington Structures will be providing steelwork for a large, local Town Centre Redevelopment Scheme which involves the construction of a number of new retail and leisure facilities.

In addition, the Group has secured a new contract to supply the structural steelwork for a large distribution warehouse in the North East of England. Work is expected to commence on this project during the Autumn.

Mark Smith, Chief Executive Officer of Billington, commented:

"Billington, and all its trading subsidiaries, continue to trade well and we are pleased to be able to report the success in securing these two significant projects, further cementing Billington as the steelwork contractor of choice."

"As a significant employer in the area, our involvement in this major local project is one that we are particularly looking forward to successfully delivering, whilst the planned distribution warehouse is a further endorsement of our ability to deliver large scale and complex projects."

For further information please contact:

Billington Holdings Plc                                                                                                  Tel:         [phone]

Mark Smith, Chief Executive

Trevor Taylor, Finance Director

W H Ireland Limited                                                                                                       Tel:         [phone]

Katy Mitchell

James Sinclair-Ford

Jasper Berry

IFC Advisory Limited                                                                                                      Tel:         [phone]

Tim Metcalfe

Miles Nolan

Zach Cohen

 

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