|Financial discipline is at the heart of Buildcorp's strategy to achieve long-term, sustainable growth.|
In our more than two decades of operation, Buildcorp has maintained a strong balance sheet at all times, including during periods of rapid growth and change. Our stringent cash management controls have enabled us to sustain a continual cash positive position throughout our entire corporate life. It is our policy to err on the conservative side in funding our business - even during boom times - and currently have negligible interest bearing debt.
As a result, we have always had the financial resources to buffer the business against the volatility of the construction industry and meet our medium-term growth objectives.
Our robust financial position is supported by: a highly skilled, long-standing internal finance team; industry-leading business and financial risk management and control systems; and excellent, long-term relationships with our bankers and financial advisors.
Buildcorp’s revenues for the 2013 financial year are forecast to be in the vicinity of $180m with a similar level expected for the 2014 financial year. Despite subdued activity in the construction industry, our levels of work in hand are close to record levels. Our strong work in hand position provides us with a great deal of comfort with our expected financial performance, at least through to the end of the 2014 financial year. The group has net assets in excess of $12m.