Direct delivery model continues to pay off for Murphy

Grant Prior 11 months ago
Share

J. Murphy & Sons Limited has posted another set of strong financial results as its direct delivery model continues to pay off

The engineering and construction firm now employs 3,688 staff rand relies primarily on in-house capabilities while minimising subcontractor involvement.

Latest results for the year to 31 December 2022 show group revenue up to £1,491m from £1,274m last time generating adjusted pre-tax profits of £45.2m from £17.3m last time.

Net cash increased by 27% to £275.5m in 2022 while staff numbers rose to 3,688 from 3,579 and the order book grew by 13% to £2.52bn.

Chief Executive Officer John Murphy said: “Our direct delivery operating model, supported by a select supply chain, continues to be central to our unique offering.

“At a time when resources are increasingly a limiting factor across the industry, we give our clients heightened confidence of reliable delivery performance.

“I am delighted to present another year of growth for Murphy, demonstrating a continuous, year-on-year improvement in our financial performance and operational delivery as we continue to play a central role in delivering world-class infrastructure.

“These outstanding results are a testament to the hard work and dedication of our colleagues, our focus on sustainable business practices and our strong client relationships.

“As we approach our 75th anniversary in 2026, our vision to be the leading family-owned construction business in the three geographies in which we work is within reach, and we remain focused on delivering long-term sustainable growth and creating a positive and lasting legacy across our projects and the communities we serve.”

Latest news

Modular builder TopHat managing director departs

Andrew Shepherd leaves Goldman-Sachs backed volumetric business
6 hours ago

Graham nets £60m stands revamp at Lord’s

Construction to start this summer at the home of cricket
8 hours ago

Ready mix concrete giant files administration notice

Mixit Concrete Limited lodges court notice
13 hours ago

Dual student towers plan for Birmingham Gun Quarter

Sama Investments goes to public consultation on 50-storey scheme
14 hours ago

15 win £3.5bn Eastern Route Partnership railway deal

Amco, BAM, Morgan Sindall and Story among winners on Eastern Routes Partnership
13 hours ago

Expanding Caddick Group tops £500m turnover

Construction drives revenue growth and returns to profit
14 hours ago

Structure Tone returns to profit

Contractor confident about prospects in London fit out and refurb market
14 hours ago

33 firms secure spots on £3.6bn Northumbrian Water framework

Applebridge, Galliford, Esh and Keltbray may
13 hours ago

Construction boss in court over dodgy van deals

Suspended jail sentence after court hears how millions in unexplained payments went through Leeds contractor
14 hours ago

Development firm fails hitting London building team for £2.6m

Luxury flats builder Ant Yapi was contracted to redevelop Westminster Tower site
2 days ago

Government set to fund £1bn final HS2 London tunnel drive

Final tunnel drive to be taxpayer funded upfront with cash recouped later
2 days ago

Amazon fires up Big-Box market with £500m job

Next generation triple floor super-shed to be built near Northampton
2 days ago

Stricken road sweeper specialist rescued

Parts of hire specialist Go Plant bought out of administration by Sweeptech
2 days ago

Costain highways lead joins Buro Happold

Paula Gough appointed to UK Development Director for Infrastructure
2 days ago

G&H Group lands £20m+ M&E package from JJ Rhatigan

100-strong specialist team to start on West London site next week
2 days ago

Bidding open for £800m professional services deal

Procure Partnerships encourages SMEs to bid with 9 regional lots
2 days ago

Construction buyers see fastest growth for 14 months

Commercial building work leads the way in April
2 days ago

Go Modular Technologies files administration notice

Southampton bespoke volumetric specialist employs around 60 staff
3 days ago

Cladding firm went down owing supply chain £7.7m

Debts revealed at Everton stadium cladding contractor Alucraft Systems Ltd
3 days ago

Rydon dogged by legacy fire safety remediation costs

£19m spent on fire safety remediation work to date
3 days ago

Carpenter killed by falling timber frame panels

Court fines specialist contractor £8,000 after site tragedy
6 days ago

Trio of builders win King’s Award for sustainability

Henry Brothers, Willmott Dixon and ZED Pods recognised for sustainability
3 days ago

Kent police seize huge haul of stolen site tools

Hunt for power drill fitted with tracker busts tool theft ring
3 days ago

Robertson names new Northern construction chiefs

Ian Phillips promoted and Ricky Brown joins from Morgan Sindall
3 days ago

Road sweeper specialist files administration notice

Go Plant lodges court notice
7 days ago

Anglian Homes rides in to finish crashed Everest contracts

Rival doubled glazed window specialist commits to complete orders
7 days ago

Final work starts to connect super sewer to London system

End in sight with 1.5m thick concrete wall to be demolished to link-up to Lee Tunnel sewer system
7 days ago

Legal challenge launched against £1.5bn A66 dualling

Balfour Beatty, Kier and Keltbray must now await outcome of court challenge
7 days ago

John F Hunt wins 24-storey Battersea tower

Specialist to carry-out demolition, enabling works and RC frame construction
1 week ago

William Hare wins steelwork on £500m Broadgate towers

Specialist to work on 2 Finsbury Avenue with McAlpine
1 week ago

Contractor services