Despite fluctuations in revenue and occasional losses, NG Bailey has historically protected its balance sheet with consistency, prioritising cash generation and strong company equity.

Since 2020 – but also before then – the group has sustained healthy, and even stable, levels of net cash and liquidity amid trying trading conditions more generally within the sector, arriving at similar or improved results for both, across a five-year period.

NG Bailey also maintains zero debt.

Construction is primarily a cash business and, historically, it has been unforgiving of firms that have failed to maintain the aforementioned financial metrics, as evidenced with several major insolvencies and hundreds more in the supply chain in recent…