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PRS and education boom pushes Graham turnover to £565m

Graham has increased turnover and posted a net profit margin of 2.8 per cent after a number of major contract wins in the education and PRS sectors.

The contractor recorded revenue for the year to 31 March 2017 of £565m, up 11 per cent from a year earlier, while pre-tax profit hit £16m, down slightly from £16.9m over the same period.

The figures were published ahead of the firm’s full accounts filing with Companies House.

Graham has expanded its presence in the private rented housing market and the education sector in the last 12 months, winning a number of high-profile deals in both.

Manchester Life, a joint venture between Manchester City owners Abu Dhabi United Group and Manchester City Council, picked the firm for its second private rented project in the city (pictured) last week, with Graham already on site at its £22m conversion of Murrays’ Mills into residential units.

In education, the contractor has bagged a place on Dumfries and Galloway council’s £100m school building programme, and is also understood to be shortlisted for a place on the £8bn ESFA framework, as revealed by Construction News today.

Other major contract wins for the firm include a £134m deal for two facilities for NHS Grampian at the Foresterhill Health Campus in Aberdeen, the largest project to be procured through the Health Facilities Scotland framework to date.

The contractor has also picked up schemes in London, having won a £50m deal in May to deliver a five-year renovation programme at Kew Gardens.

Graham executive chairman Michael Graham said: “Overall these are another strong set of results with our group business units continuing to deliver robust performances despite the uncertainties that the current Brexit negotiations bring.

“Our core markets remain strong given the UK government’s infrastructure spend in civil engineering and a strong pipeline of opportunity in building, interior fit-out and facilities management.”

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