Turnover for Barhale Limited reached £227.7m in the year to 30th June 2025, up 34% from £169.4m the previous year.
Profit before tax was up by nearly 50% to £13.4m (2024: £9.0m), delivering a 5.9% pre-tax profit margin and 8.8% gross profit margin
Net assets grew from £13.m to £20.4m During the year while net cash at the end of the year increased from £23.4m to £27.1m.
The order book at 30th June 2025 was worth £1.85bn, up from £1.06bn a year before.
It has been a good run for Barhale in recent years, with turnover growing from £102m in 2022, to £125m in 2023, £169m in 2024, and £228m last year.
Growth this year might not be so spectacular, as it is the first year of the new regulatory period for the water industry, which accounts for a lot of Barhale’s turnover, but there is no drop off in activity anticipated either.
Chief financial officer Julian Ripley writes in the annual report: “The company continued to deliver more projects and higher value projects under long term frameworks. In addition to this, the company expanded its mechanical and electrical resources to the company’s overall capability and through a group acquisition we were able to extend their offering to include design services to our existing and prospective clients.
“We would ordinarily be expecting runover to reduce in the first year of our water company client’s regulatory period (AMP8), however we do not expect this to be the case in 2025/26. We consider that turnover will remain at current levels due to increased capability, market demand and improvement in the planning of work by some of our clients.”
He added: “The company profit for the year was excellent and the culmination of a number of specific actions and initiatives. Quality, production and planning were identified as being the key to sustainable profits and a secure financial position., This continues to be the case and there is still more we can do, but this continues to under-pin our strategy.”
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