Taziker returns to black with strong financial turnaround following restructure

Taziker has posted a notable financial recovery, regaining profit and stability after its strategic overhaul in the previous year.

For the year ended 31 March 2025, the Chorley-headquartered structural steelwork specialist reversed a £4.9 million pre-tax loss into a £3.9 million profit, while operating profit surged to £2.7 million, up from a £5.9 million loss the previous year.

Another significant rebound was the company’s gross profit, which more than doubled to £12.8 million (FY2024: £6.4 million), improving its margin to 15.7 per cent, from 7.9 per cent the previous year.

It follows a major restructure in 2023 and sale of a holding company that had “significantly deleveraged” the group and released certain debts.

Revenue from continuing operations was £81.8 million, slightly down from £82 million, due to a slower-than-expected start to Network Rail’s CP7 framework.

However, the company saw positive momentum, securing a place on a Transport Scotland framework and benefiting from an upturn in the Transpennine Route Upgrade (TRU) project, which continues into 2026.

While it saw an increase in its structural solutions business, in March 2024, the company made the decision to close its Fibre Reinforcer Polymer (FRP) bridges operations, due to difficulties bringing the product to market and lack of demand.

With this Taziker would have been operating at a loss of £2.3 million. 

Total revenue, including discontinued operations, was £83.2 million, compared to £86.4 million in FY2024.

EBITDA from continuing operations reached £3.6 million, reversing last year’s £4.9 million loss.

Taziker’s cash position improved to £4 million (FY2024: £ 2.7 million), supported by solid EBITDA growth and reduced debt burdens, with access to an undrawn shareholder loan facility of £500,000, alongside an additional shareholder cash injection of £2 million.

While its employee count reduced from 423 to 377.

In its latest financial results the firm said: “During the year, the business has continued to trade out of legacy loss-making contracts, and improved oversight and controls over contract pricing and project management are expected to mitigate the risk of losses being incurred to the same extent in FY2026 and beyond.

“The company has also benefited from the strategic review conducted by the board in FY2024 to focus on the core offering to improve profit margins.”

Looking ahead, Taziker is focused on continued investment, exploring expansion into sectors like energy, while expecting continued growth in FY2026 from upcoming framework awards, despite “challenging” market conditions.

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