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Billington Holdings

Billington Holdings Plc Awarded two contracts with a combined value of £30m

Billington Holdings Plc (LON: BILN), one of the UK’s leading structural steel and construction safety solutions specialists, today reported that its structural steel division, Billington Structures, has been awarded two contracts with a combined value of £30m.

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.”

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.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.