Galliford Try bolstered by Miller acquisition

Greg Fitzgerald
Greg Fitzgerald

Galliford Try’s order book has grown to £3.1 billion following its acquisition of Miller Construction, the firm revealed today.

Releasing its Interim Management Statement for the period from 1 July 2014 to 6 November 2014, the contractor said it had secured 94 per cent of its projected revenue for the year to 30 June 2015 and 56 per cent of revenue for the following year.

The housebuilding and construction group, which is holding its Annual General Meeting today, added that restructuring costs following the acquisition are set to be lower than the £4m originally forecast.

Greg Fitzgerald, executive chairman, said: “Steadily improving confidence in the economy supports the planned disciplined growth in both our Housebuilding and Construction divisions. Housing market growth rates have steadied to a more sustainable level and, supported by improved mortgage availability, Linden Homes is on target to meet our expectations. Our Partnerships business continues to enjoy exceptional growth opportunities in the affordable market.

“Construction, bolstered by the acquisition of Miller Construction in July, is benefiting from an improving market and the stronger presence created by the combination. I am delighted both with the efficient integration process and by the strong contribution already evident from the incoming team. The Group is encouraged by the prospects of delivering further growth in line with our strategy.”

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