Barnsley-based structural steel business, Billington Holdings, has reported a difficult market environment in 2025, with reduced demand and competitive pricing pressures impacting its margins.
Publishing its audited results for the year ended 31 December 2025, Billington said revenue fell by 15.4 per cent to £95.7m (2024: £113.1m), despite a 4.2 per cent increase in group productive hours, which it said reflected a focus on more complex projects with reduced steel content.
In the same period, the group’s pre-tax profits dropped from £10.8m to £1.3m.
The group added its balance sheet remains strong with net assets of £50.4m at 31 December 2025 (2024: £53m) and a continuing strong gross cash balance of £20.5m at 31 December 2025 (2024: £21.7m). The business also remains debt free.
During the year the group carried out a restructuring of its structural steel operations and resolved to close its Yate facility in Bristol, consolidating operations at its Wombwell and Shafton sites in Barnsley.
Mark Smith, chief executive officer, said: “Billington delivered a robust performance in 2025 against the backdrop of very challenging market conditions and with continuing pricing pressure across the sector.
“Despite this, we maintained strong operational output, protected margins and secured a number of technically demanding, higher-value contracts that provide good visibility into 2026.
“The consolidation of our structural steel operations in Barnsley, alongside continued investment in capacity and capability, has improved our cost base and operational efficiency.
“With a healthy order book, growing pipeline of opportunities and a robust balance sheet, we entered 2026 with increased confidence and expect to deliver an improved financial performance in 2026, in line with market expectations.”
The group said it continues to target sectors such as data centres and energy from waste where demand is more buoyant and greater opportunities are being presented.
It noted that due to the Middle East war it has experienced heightened price volatility of raw materials and energy prices, driven by uncertainty around supply chains and logistics routes. Billington said it anticipates these pressures will persist in the near term.
