T&B (Contractors) Limited has an annual turnover of £23m and is wholly owned by Borras Group Holdings Limited, a privately owned group managed by its founding directors, with a turnover in excess of £65 million per annum.

The Directors pursue a policy of sustainable growth focused on target market sectors delivered by equally focused and professional companies. The emphasis is on retaining real control over the Group’s destiny and finances by maintaining profitability and liquidity whilst investing significantly in both the Group and Trading Companies’ futures.

To this end, the group has:

• Significantly low borrowing (low net gearing)
• High balance sheet worth
• High cash balances (used to maintain our pay-on-time policy)
• Profitability in the uppermost quartile of the industry
• No pension deficits
• Owns the freeholds of two headquarter buildings.
• Ability to fund projects both in-house and with strategic finance partners.

The group bankers are Barclays, with whom we have enjoyed a 25-year good working relationship. Our bondsman is Zurich GSG with whom we have had a framework agreement for over 10 years.

T&B (Contractors) Limited within the Structure of the Group

T&B has contributed significantly to the success of the parent group, BGHL, since the acquisition in 2001. The significant group investment into the company has been rewarded with continual controlled expansion of T&B’s turnover and trading profit in every year since the acquisition. These profits have been re-invested into the business to improve both the balance sheet strength and intellectual capital of both organizations.

T&B consistently maintain high cash balances which are the cornerstone to T&B’s commitment to pay supply chain partners on time, a fundamental policy decision which is adhered to robustly.

The company has invested heavily in the staff, procedural accreditation and equipment over the past few years. The group has a current £200K I.T project underway in respect that T&B will make a 50% contribution.

T&B own modern and recently refurbished premises in Wheathampstead. Customers can have absolute confidence in the ability of the company to both fund and manage the financial aspects of the contracts awarded to us.

Parent group Directors have shown their faith in T&B by fully supporting further growth plans for the company in the period 2009 – 2012 despite difficult trading conditions.