{"id":8790,"date":"2025-10-30T15:46:25","date_gmt":"2025-10-30T15:46:25","guid":{"rendered":"https:\/\/cita.co.uk\/news\/?p=8790"},"modified":"2025-10-30T15:46:25","modified_gmt":"2025-10-30T15:46:25","slug":"8build-back-in-the-black-as-fixed-price-pivot-pays-off","status":"publish","type":"post","link":"https:\/\/cita.co.uk\/news\/8build-back-in-the-black-as-fixed-price-pivot-pays-off\/","title":{"rendered":"8build back in the black as fixed-price pivot pays-off"},"content":{"rendered":"

Fit-out specialist 8build has bounced back into profit after shifting its focus to faster-moving, fixed-price contracts and securing a series of high-profile airport jobs.<\/p>\n

The London-based contractor delivered a \u00a32.2m pre-tax profit for the year to 31 March 2025, swinging from a \u00a31.2m loss last time out.<\/p>\n

Turnover jumped just over a third to \u00a3167m as the business moved away from long, drawn-out PCSA deals towards lump-sum and design-and-build contracts that convert to site more quickly.<\/p>\n

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Average operating margins improved from 0.6% but still remained tight at 1%.<\/p>\n

Cash at bank also climbed 38% to \u00a319m with no debt on the balance sheet.<\/p>\n

Chief executive Nick Bellamy said tighter bid discipline, leaner overheads and a record secured pipeline had set the group up for another strong year.<\/p>\n

\u201cThe markets, in our experience, have moved away from the PCSA contracts and moved to more fixed price lump sum and fixed price design and build contracts.<\/p>\n

“This has reduced the time period from enquiry to construction in comparison to the elongated PCSA periods. This has helped bolster our revenue for the period. \u201d<\/p>\n

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8build\u2019s growth was also powered by a surge in its aviation business. The contractor has long worked with London City Airport but expanded this year with new wins at Heathrow and Gatwick.<\/p>\n

Bellamy said the firm expected another strong performance this year with \u00a3157m of turnover already secured for 2025\/26 and a \u00a3165m forward order book.<\/p>\n

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from Construction Enquirer https:\/\/ift.tt\/Thif3ag<\/p>\n","protected":false},"excerpt":{"rendered":"

Fit-out specialist 8build has bounced back into profit after shifting its focus to faster-moving, fixed-price contracts and securing a series of high-profile airport jobs. The London-based contractor delivered a \u00a32.2m pre-tax profit for the year to 31 March 2025, swinging from a \u00a31.2m loss last time out. Turnover jumped just over a third to \u00a3167m […]<\/p>\n","protected":false},"author":1,"featured_media":147,"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-8790","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\/8790","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=8790"}],"version-history":[{"count":1,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/posts\/8790\/revisions"}],"predecessor-version":[{"id":8791,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/posts\/8790\/revisions\/8791"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/media\/153"}],"wp:attachment":[{"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/media?parent=8790"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/categories?post=8790"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/tags?post=8790"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}