Despite skills shortages remaining a “concern”, the firm mitigated the risk by focusing on talent development through its apprentice and graduate programmes, with the company increasing its headcount by nearly 100 to 224 employees, from 131 in 2023.
The directors did not recommend payment of a dividend, following £1.8 million paid out in 2023.
“Current year trading to date has been in line with the Board’s expectations,” bosses said.
“The directors expect the current level of activity to be achievable into the future.”
Founded in 1997 and headquartered in Limerick in Ireland, the wider H&MV Engineering group operates as a design, engineering, and construction services specialist, delivering turnkey solutions for clients, operating in the power infrastructure sector.
To date, the company has 12GW of projects in design and construction, spanning 80 large-scale developments, and employs 1,450 staff across 20 global offices, including Italy, India, and the United States.
It was recently appointed to deliver the 400 kV electrical infrastructure for the UK’s largest, and one of Europe’s largest, Battery Energy Storage Systems (BESS) at Thorpe Marsh, led by Fidra Energy and backed by £445 million in investment from EIG and the UK Government’s National Wealth Fund, playing a pivotal role in advancing the UK’s clean energy transition.
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