Tilbury Douglas grows revenue and profits as public sector strategy delivers results

Tilbury Douglas has reported strong financial growth after continuing to focus on lower-risk public sector projects and tighter operational discipline across its business.

The contractor increased gross revenue, including inter-group trading, by 12% to £692 million during 2025, while consolidated revenue rose by 11% to £600 million.

Pre-tax profit also saw significant improvement, climbing 27% to almost £15 million, with operating margins increasing from 2.1% to 2.4%.

The company said the improved performance reflects its more selective approach to bidding and delivery, with a focus on projects offering balanced risk profiles rather than pursuing higher-risk mega schemes.

Tilbury Douglas also strengthened its financial position during the year, increasing cash reserves by 28% to £65 millionwhile remaining debt free. Staffing levels grew to 1,268 employees as the business invested in targeted recruitment to support continued expansion.

The contractor has concentrated its activities in sectors including education, healthcare, justice, defence and water, areas it believes are supported by long-term government investment plans and offer greater market stability.

This strategy has helped the company build a record order book worth £1.48 billion, representing a 17% increase on the previous year. The secured workload is expected to cover all projected revenue for 2026 and more than half of anticipated turnover for 2027.

Chief Executive Craig Tatton said the company’s latest results demonstrate the strength of its operating model and sector-focused strategy.

He said Tilbury Douglas continues to benefit from its regional delivery approach and investment in customer and supply chain relationships, helping the business maintain consistent performance across its operations.

Looking ahead, the contractor has set ambitious growth targets, including plans to build an order book exceeding £2 billion and increase operating margins beyond 3.5% by 2029.

Tatton said these ambitions would be supported by continued financial discipline, a strong balance sheet and a focus on delivering high-quality outcomes in its chosen markets.

The results reflect a broader trend within the construction sector, with many contractors increasingly prioritising margin protection, risk management and public sector frameworks amid ongoing economic uncertainty and cost pressures.