Construction materials

Profits go to a major specialist in building materials | Midlands property news

Pre-tax profits have returned to one of the UK’s biggest building materials suppliers, new documents have confirmed, with revenue hitting record highs.

GRS Roadstone Group, headquartered in Warwickshire, had revenue of £383.3 million in the year to 31 January 2022, compared with £162.8 million during of the seven months preceding January 31, 2021 and an 18% jump compared to 2018 before the pandemic.

Meanwhile, pre-tax profits reached £2.5million, compared to losses of £1.7million.

GRS employs a team of 800 people spread across the country, who together ensure that the company trades and transports approximately 20 million tonnes of materials each year.

Group Chief Financial Officer Martin Reid said: “These results show that we are in a good stable position after the uncertainty of the previous year. Our performance reflects the dedication of our people supported by a clear long-term strategy.

“Despite enormous challenges with material and transportation availability, as well as escalating costs, we have worked closely with our customers and suppliers to achieve excellent results. We are particularly proud of our involvement in projects such as HS2, Crossrail, Thames Tideway, Hikley Point C and the new A14 in Cambridgeshire.”

He added: “The strategic investments we have made in recent years are really starting to pay off and place GRS among the most sustainable businesses in our industry – for example greater use of rail and sea freight, reprocessing of spoil as secondary aggregates, the recovery and recycling of construction waste and the switch to HVO green fuel in the South West.

“We now have a solid platform to deliver a solid performance in the years to come.”

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