Billington Holdings PLC Contract Awards (9995A)
June 04 2019 - 1:00AM
UK Regulatory
TIDMBILN
RNS Number : 9995A
Billington Holdings PLC
04 June 2019
4 June 2019
Billington Holdings Plc
("Billington", the "Group" or the "Company")
Contract Awards
Billington Holdings Plc (AIM: BILN), one of the UK's leading
structural steel and construction safety solutions specialists, is
pleased to report that its structural steel division, Billington
Structures, has been awarded two contracts with a combined value of
GBP30m.
Following strong progress made across the Group in 2018 and the
award of GBP41m 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 GBP30m. 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.
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."
For further information please contact:
Billington Holdings Plc Tel: 01226 340666
Mark Smith, Chief Executive
Trevor Taylor, Finance Director
W H Ireland Limited Tel: 0161 819 8875
Katy Mitchell
James Sinclair-Ford
Jasper Berry
IFC Advisory Limited Tel: 020 3934 6630
Tim Metcalfe
Miles Nolan
Zach Cohen
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END
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