The Board is focused on continuing to grow the business in order to access increasingly longer-term and larger-tender contract opportunities that provide sustainable margins and predictable contracted revenue. In order to tender for these contracts, Bilby aims to attain critical revenue mass that will allow it to pass pre-qualification revenue requirements.
The Group remains focused on organic growth and is wholly committed to maintaining its reputation for high levels of service in order to win additional and supplementary work as well as referrals from its current customers.
In addition, through its ‘buy-and-build’ strategy Bilby is focused on achieving growth through acquisition, and since IPO has acquired four highly-reputed businesses in its target market: P&R, Purdy, Spokemead and DCB. The Group remains focused on this strategy and continues to review attractive potential acquisition / merger opportunities based on:
- Service synergies
- Revenue size
- Geographic focus
- Management team
- Cash flow
- Forward order book