Tilbury Douglas has published its 2024 accounts, showing revenue up 7% at £541.6m and operating profit reaching £11.5m, up from £3.8m in 2023.
Having emerged from the ashes of the collapsed Interserve Group in 2022, Tilbury Douglas now remains debt-free and finished last year with £50.7m in the bank, and increase of £8.4m over the year.
Profit after tax was £16.6m (2023: £12.9m).
In 2024 the company booked more than £637m of new contracts and orders, closing the year with a forward order book of more than over £1.26bn, which increased to £1.32bn by the end of March 2025. This includes 104% of planned orders for 2025 and 69% for 2026.
Contract wins in 2025 have included new schools for the Department of Education, the Barbican renewal project and prison work for Ministry of Justice.
Chief executive Craig Tatton said: “Tilbury Douglas continues to enjoy improving performance, which brings financial and business stability. With a robust long term order book, a strategy well-aligned to national needs, and talented people and suppliers, our group has a strong platform to continue delivering great projects for our valued customers. I and my board colleagues are confident in the group’s continued success throughout 2025 and beyond.”
Chair Nicholas Pollard added: “In 2024, our financial performance improved again, affirming our strong position within our chosen sectors and reinforcing our competitiveness. As we move into 2025, we continue to focus on our core business and identify appropriate new opportunities, ensuring Tilbury Douglas remains successful.”