The independent engineering and infrastructure services business claimed strong financial performance, and success in evolving its operating model.
It is the first full year of NG Bailey’s newly formed built environment division, which brought together the engineering, facilities services and low carbon businesses to meet market demand with its end-to-end service offering. The division collectively delivered a strong performance with year-on-year growth.
Freedom, NG Bailey’s electricity infrastructure business, continued to be a major growth driver, the group says, underpinned by its strategic partnerships with the majority of UK Distribution Network Operators (DNOs) alongside its growing portfolio of privately funded connections projects.
IT Services, the group’s digital technologies provider, which specialises in critical connectivity infrastructure, generated healthy margins during the year. Following a strategic reset aligning its capabilities with market opportunities, the business is well positioned to meet customers’ evolving needs.
Alongside these positive performances, the group made £3.5m of strategic investments over the year, focused on digitalisation, sales and capability growth along with supporting organisational bandwidth as the group grows.
NG Bailey’s order book has increased to £1.7bn, and is focused on the Group’s target markets, particularly those with high barriers to entry that are more resilient during economic downturns and aligned to where future funding is heading, such as defence, healthcare, rail, decarbonisation, energy (nuclear and electricity) and water.
Chief executive Jonathan Stockton said, “It has been a year of successful evolution as we move from planning into delivery of our ‘Journey to 2030’ strategy. We’ve continued to deliver a strong financial performance, whilst reinvesting in the business in both digitalisation and new technology solutions which will ensure we remain at the forefront of the industry, further supporting improvements in productivity and delivery across the group.”
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