Liverpool city region highways and civil engineering firm HA Civils sees annual revenues soar 58% to £26.6m in a year when it came to the rescue of the stalled Lime Street project. Tony McDonough reports
Huyton Asphalt Civils (HA Civils) is reporting a surge in annual revenues and pre-tax profits.
Based in Prescot, HA Civils is a civil engineering specialist that works across the UK. It has worked at a number of locations including the East Lancs Road, Islington Junction and Park Lane in Liverpool.
HA Civils was called in by Liverpool City Council in October 2021 when the original contractor on the £11m upgrade of Lime Street scheme, NMCN, collapsed into administration. It took over the project which was completed in 2022.
In its annual account for the 12 months to March 31, 2023, HA Civils is reporting a 58% rise in revenues to £26.6m. Pre-tax profits were also up by 30% to £1.95m.
Director Anthony Carney said in the report: “The directors consider the company’s performance during the year, its financial position at the end of the year, and its future prospects to be satisfactory.
“This year’s turnover has increased partly due to inflation. However, growth was also achieved as a result of new long-term contracts and expanding our capacity across Liverpool city region.”
Anthony is one of three directors at the firm and holds a 30% stake in the business. Biggest shareholder is James Blennerhassett who has a 60% stake. Third director Scott Walker has a 10% share. Shareholders dividends for the year totalled £228,060.
In November 2023 HA Civils was one of three firms to share £11m worth of contracts with Liverpool City Council to upgrade 29 roads across the city.
It joins Bootle-based Dowhigh and Birmingham-headquartered Tarmac Trading to deliver what the council is calling an “eco-friendly” maintenance programme. HA Civils will take on 11 of the projects.
In September 2022 Liverpool City Council’s highways and transportation department said HA Civils was one of a trio of businesses that would carry out upgrades on more than 100 roads in the city. They shared contracts worth a total of £35m.