Building momentum: turning strong results into long-term resilience for UK construction
Craig Tatton, Chief Executive Officer at Tilbury Douglas, discusses the Group’s latest results and what they signal for the future.
The UK construction sector has faced significant challenges in recent years, from inflation and supply chain disruption to skills shortages and evolving customer expectations.
Against that backdrop, our Group’s annual results go beyond financial performance; they are a signal of what sustainable, disciplined growth can look like in today’s market.
Our latest results show significant progress, putting us ahead of our five-year plan and giving us clear forward momentum. We delivered double-digit revenue growth, improved operating margins and profitability, and further strengthened our debt-free balance sheet. This performance is supported by a robust and growing cash position and an increased order book which is now over £1.5bn.
But the real story behind the numbers is about how Tilbury Douglas, and the wider industry, are changing, and what it takes to succeed within it.
A shift to disciplined delivery
For much of the past decade, construction was often defined by volume-driven growth. However, now, across the sector, the focus is shifting firmly towards sustainable operating margins, disciplined risk management and quality of earnings.
Our own performance reflects that shift. Growth has been underpinned by a clear focus on contract selectivity, operational discipline and consistent delivery. In a market where uncertainty remains, predictability and control are becoming the most valuable assets a contractor can have.
Financial strength as a strategic advantage
One of the clearest lessons from recent years is that consistent and reliable performance matters. For Tilbury Douglas, ending the year debt-free, with improving profitability, a strong cash position and a growing order book, is not just a financial milestone; it is a strategic enabler.
Our sustainable, profitable growth and financial strength give us the ability to invest in our business, support our supply chain and take a longer-term view in our decision making. More broadly, it highlights an important point for the industry: resilience is as important as growth.
The importance of visibility and partnerships
With our order book now above £1.5bn, visibility of future workload has improved. But this alone is not enough. The nature of relationships across the industry is also evolving.
Customers are increasingly looking for partners who can bring certainty, not just on cost, quality and programme, but on sustainability, carbon and social value. That requires earlier engagement, greater collaboration and a more transparent approach to risk management.
Frameworks, long-term partnerships and repeat business are becoming the foundation of a more stable and productive sector.
Sustainability and responsibility moving centre stage
Alongside financial performance, expectations around Environmental, Social and Governance (ESG) continue to rise. The launch of our ESG strategy in 2025 reflected a growing recognition that environmental and social impact must be embedded into how we operate, with a clear focus on creating, delivering, measuring and reporting sustainable value.
There is still more to do, both for us and the wider industry. But the direction is clear: customers, communities and investors are all demanding higher standards and that will continue to shape how projects are procured and delivered.
Looking ahead
The outlook for construction remains mixed. Demand is there, but so are the challenges, from cost volatility, most recently driven by conflict in the Middle East, to regulatory change. In this environment, success will depend less on scale and more on discipline, resilience and the ability to adapt.
For Tilbury Douglas, we remain focused on building on our progress: improving our operational and financial performance, growing our order book with the right customers and work, and continuing to invest in our committed and talented people, alongside developing our capabilities.
If there is one main message from our 2025 results, it is that the industry is moving towards a more sustainable model: financially, operationally and environmentally. Those who embrace that shift will be best placed to deliver long-term value for customers, communities and the built environment alike.