Henry Brothers breaks £90m turnover

Northern Irish contractor Henry Brothers has grown its profit and turnover in its latest full-year accounts.

The company posted revenue of £92.2m for the 12 months to 31 March 2025. This was up 13 per cent from the prior year, while profit soared by 24 per cent over the same timescale to £4.3m.

Directors described the performance as “satisfactory” and said they had “continued to follow the successful strategy of building repeat business and partnering opportunities with key clients”.

They added: “While the construction market has remained challenging across the UK, we continue to invest in all areas of the business and, despite the continued inflationary pressures, the directors are confident that the ongoing investment will deliver continued successes for the group.”

Henry Brothers had £48.4m in the bank and in hand on 31 March 2025, up from £45.9m a year earlier.

The company employed an average of 175 people in the latest year, up from 167 in 2023/04. Its staff costs increased 7 per cent to £10.8m.

Shareholder funds rose from £19.1m in March 2024 to £21.3m a year later.

Henry Brothers said it maintained a “responsible approach to prompt supplier payment”.

The company had no bank loans, overdrafts or hire purchase liabilities, according to the latest accounts.

Henry Brothers this month secured a £25m contract to build a Global Conservation Centre at Twycross Zoo in Leicestershire.

The firm is headquartered in Magherafelt and has offices in Belfast, Nottingham, Manchester and Cardross.

Last year it was one of 20 companies to win a place on a £260m construction works framework with the University of Manchester.

Henry Brothers was also one of 11 firms to secure a place on the North West Construction Hub’s Medium Value Construction Framework.

In 2023, it was among 94 contractors appointed by national framework provider Pagabo to its £1bn framework for medium-sized projects.