Octavius Infrastructure Ltd (OI) has published its annual financial results, showing strong growth in both revenue and profitability.
Now widely recognised as one of the UK’s leading specialist transport infrastructure service providers, the group continues to perform well on its remarkable journey since becoming a standalone business in 2021. The latest published accounts show that revenues grew by £61m (28%) to £277m, buoyed by a combination of both organic growth and acquisitions in its core markets of rail and highways. This included the successful capture of long-term framework appointments to Network Rail Control Period 7 frameworks in each of the four regions in England and Wales together with a number of new Local Highway Authority frameworks, which together helped expand the Group’s geographic footprint and grow its orderbook to over £1bn.
John Dowsett, Octavius CEO said
“Our accounts demonstrate that we continue to deliver sustained growth to our shareholders, underpinned by a relentless focus on health & safety and sustainability and an overriding commitment to delighting our customers.”
Organic growth was complemented by the successful integration of two strategic acquisitions. In July 2023, the group acquired selected assets from R&W Civil Engineering Limited, a specialist civil engineering contractor with strong synergy with its existing Highways business. Following this in December, Octavius went on to acquire Navitas Engineering Group, a specialist rail electrification design consultancy which significantly augmented the group’s railway electrification capabilities. Together, these investments broadened the groups offering and helped underpin a £2.1m increase in adjusted EBITDA to more than £8m, just below 3% of revenue.
John continues, “Our teams have worked tremendously hard to ensure that our growth has been achieved sensibly – by selecting the right type of work where we can build longevity in our customer relationships and really add value to the communities they serve. We remain confident of the critical role that national infrastructure will play in the new Government’s economic policy and are working closely with our customers and supply chain partners to enhance both our orderbook and our proud reputation as a trusted supplier of infrastructure solutions”.
