‘Overhead restructure’ aids ground engineering specialist’s profit surge
Construction News (UK)
AI Article Summary
Roger Bullivant, a Derbyshire-based piling and ground engineering company, experienced a one-third increase in pre-tax profit despite a 5% decrease in turnover for the 2024 calendar year. This profit surge was attributed to an 'overhead restructure'. The company's revenue fell from £87.2m to £82.4m.
What This Means for Canadian Contractors
This project shows how strategic restructuring of overheads can lead to increased profitability despite declining revenues. For Canadian builders, this means that efficiency improvements and cost control measures might mitigate revenue drops. Learning from such strategies can help manage economic fluctuations effectively.
