BAM swings to profit, Bickley Park files on break-up basis

The UK arm of the Mitsui Chemicals group recorded a steady year, with turnover nudging up to £1.8bn. Although the headline operating profit line is absent, underlying trading profit—gross profit minus administrative expenses—grew 5% to £92.9m. A steady, incremental set of consolidated accounts.

A return to the black for the BAM Group's primary UK holding company, swinging from a £3.9m operating loss to a £19.4m profit. Turnover grew 7% to £993.3m, while administrative expenses remained static. Total staff costs held relatively flat at £129.6m, while total directors' remuneration fell by 37% to £2.1m.

Top-line growth paused at this Gallagher HR provision entity, with turnover flat at £867.6m and operating profit slipping 18% to £8.0m. The notable movement is further down the P&L, where net profit rose 217% to £46.9m. That bottom-line increase was accompanied by a £37.0m tax credit, contrasting with the softer underlying trading performance.

Mirroring its parent group above, this commercial building contractor returned to profit. Turnover climbed to £851.1m from £778.9m previously, but the notable shift is the margin improvement, with gross profit rising to £73.8m from £26.6m. Alongside that margin expansion, the firm moved from a £9.2m pre-tax loss into an £18.4m profit.

Trading as Gallagher Re, this non-life insurance broker recorded a steady period. Turnover rose 6% to £727.1m, and underlying trading profit—gross profit less administrative expenses—outpaced that with a 13% gain to £235.2m. The cash position remains substantial at £1.6bn, following a £145.0m dividend payout that was roughly half the size of last year's distribution.