Henry Brothers’ turnover has passed the £100m mark after a year in which loyal customers fueled growth.
The Northern Ireland-based contractor reported revenue of £102.9 million for the 12 months to March 31, 2026, up from £92.2 million a year earlier.
Henry Brothers Chief Financial Officer Allen Reed said the company’s “satisfactory” performance was driven by repeat business and selective tenders.
“During the year, the directors continued to pursue a successful strategy of building repeat business and partnership opportunities with key clients,” Reed said in his firm’s audited accounts.
Directors also described the previous year’s results as “satisfactorily”.
Pre-tax profits increased from £4.3m to £5.3m in the latest accounts, pushing pre-tax margins up from 4.7% to 5.2%.
Project victories during the year included £37 million expansion of Momentum One Zero innovation center in Belfast’s Titanic Quarteron behalf of Queen’s University.
Reid noted the risk of competitors bidding for the job at “unsustainable profits” – a problem he said was “particularly relevant” amid inflation in construction costs.
“The directors remain firmly committed to our approach to selective tenders for profitable work and partnerships based on long-term rather than short-term results,” he added.
Reed said Henry Brothers’ continued investment in its business will bring “lasting success” to the group.
The company’s cash levels increased from £48.4m to £55.1m and its dividend for the year increased from £1m to £1.5m.
The family contractor reported no bank overdrafts or loans in the past year.
Reed said the company was “responsible in paying suppliers on time.” Henry Brothers said it paid 55 percent of its bills within 30 days; 42 percent after 31–60 days; and 3 percent for 61 days or more.
The group has its headquarters in Magherafelt and offices in Belfast, Nottingham, Manchester and Cardross.
In December the Henry brothers took place as part of Department for Education’s £15.4bn funding and in March it was included in £514 million public housing scheme for the Regent.
The contractor employed an average of 195 people last year, up from 175, with annual wage bill rising from £9.4m to £11m.