Midlands contractor Benniman has reported a sharp rise in financial performance, driven by sustained demand for industrial and logistics developments, with revenue climbing 40% and pre-tax profit surpassing £10m.
The Bromsgrove-based builder and developer posted turnover of £140m for the year to December 2025, up from £100m the previous year, while pre-tax profit increased by 27%. The growth has been underpinned by continued expansion in the warehouse and distribution sector, where demand for modern logistics space remains strong.
Cash generation was a notable feature of the results, with reserves rising significantly to £54.4m from £37.4m. This strengthened financial position provides the company with increased flexibility when tendering for new projects and navigating ongoing market uncertainty.
Operating profit reached £8.9m, reflecting the company’s ability to maintain margins despite inflationary pressures and supply chain challenges. The balance sheet also improved, with net assets increasing to £28.9m and a current ratio of 1.67, indicating solid short-term financial resilience.
Directors highlighted an acceleration in activity towards the end of the financial year, with a number of contract awards secured in the final quarter of 2025 and continuing into early 2026, reinforcing confidence in the company’s forward pipeline.
Managing director Steven Smith said: “We are pleased to report that there has been an upturn in activity during 2025, having signed a number of new contracts during Q4 2025 and Q1 2026, and further contracts being agreed, resulting in a projected 20% increase in turnover for the coming financial year.”
