{"id":8166,"date":"2025-10-01T07:46:51","date_gmt":"2025-10-01T07:46:51","guid":{"rendered":"https:\/\/cita.co.uk\/news\/?p=8166"},"modified":"2025-10-01T07:46:51","modified_gmt":"2025-10-01T07:46:51","slug":"gilbert-ash-profit-doubles-as-employee-ownership-beds-in","status":"publish","type":"post","link":"https:\/\/cita.co.uk\/news\/gilbert-ash-profit-doubles-as-employee-ownership-beds-in\/","title":{"rendered":"Gilbert-Ash profit doubles as employee ownership beds in"},"content":{"rendered":"

Contractor Gilbert-Ash more than doubled pre-tax profit to \u00a34.6m last year, despite turnover slipping by around 10% to \u00a3236m.<\/p>\n

Improved trading at the Belfast-based contractor saw operating margin restored to 1.6% from just 0.43% in 2023.<\/p>\n

Gilbert-Ash managing director, Ray Hutchinson, said that the shift to an employee ownership trust last year was designed to lock in long-term performance while keeping investment focused on people and delivery.<\/p>\n

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\u201cThe recent success of Gilbert-Ash has, in many ways, been built upon the fact that we have been an employee-owned company for more than 50 years.<\/p>\n

\u201cMoving to an Employee Ownership Trust embraces that fact further and replaces the existing narrow shareholding with a structure that is designed to benefit all employees in perpetuity,” he said.<\/p>\n

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Net assets edged up to \u00a330m with \u00a343m cash on hand at year-end.\u00a0Headcount eased to 187 from around 200 in the prior year.<\/p>\n

The firm continued to target education, arts and culture, hotels\/leisure and workplace schemes, while flagging familiar sector risks around labour supply, materials and inflation. Management said the pipeline remains healthy heading into 2025.<\/p>\n

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from Construction Enquirer https:\/\/ift.tt\/Gl6FVRS<\/p>\n","protected":false},"excerpt":{"rendered":"

Contractor Gilbert-Ash more than doubled pre-tax profit to \u00a34.6m last year, despite turnover slipping by around 10% to \u00a3236m. Improved trading at the Belfast-based contractor saw operating margin restored to 1.6% from just 0.43% in 2023. Gilbert-Ash managing director, Ray Hutchinson, said that the shift to an employee ownership trust last year was designed to […]<\/p>\n","protected":false},"author":1,"featured_media":149,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[9],"class_list":["post-8166","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-construction-enquirer"],"_links":{"self":[{"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/posts\/8166","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/comments?post=8166"}],"version-history":[{"count":1,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/posts\/8166\/revisions"}],"predecessor-version":[{"id":8167,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/posts\/8166\/revisions\/8167"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/media\/149"}],"wp:attachment":[{"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/media?parent=8166"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/categories?post=8166"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/tags?post=8166"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}