REG - Billington Holdings - Proposed Closure of the Yate Facility

Billington HoldingsAnnouncement

Tue 16:00

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RNS Number : 3513D  Billington Holdings PLC  14 October 2025

14 October 2025
Billington Holdings Plc

 

("Billington" or the "Company" or the "Group")

 

Proposed Closure of the Yate Facility

 

Billington Holdings Plc (AIM: BILN), one of the UK's leading structural steel
and construction safety solutions specialists, announces that the Company is
proposing a restructuring of its structural steel operations, principally
affecting the Yate facility.  If completed, this restructuring would see the
Group's Yate facility in Bristol closed and the consolidation of structural
steel operations at Billington's Wombwell and Shafton sites in Barnsley, local
to all other Group operations.

 

As outlined in the Company's interim results announcement on 30 September
2025, the Board continually reviews the Group's operations to ensure that they
are structured in the most optimally efficient manner and are reflective of
the current and projected future market environments in which Billington
operates.

 

A consolidation at Barnsley would provide the Group with the flexibility to
more closely align operational capacity with market demand, together with
reducing overheads and delivering significant cost and operational
efficiencies.  Recent capital investments at the two Barnsley facilities have
allowed for an increase in productive output.  This, combined with the
expansion of the night shift at the Shafton facility, has provided the
opportunity for capacity to be transferred to Barnsley.

 

In addition, the optimisation of the fixed assets and transfer of productive
output to the Barnsley facilities, combined with the redeployment of
resources, where possible, would allow for the inherent value of the Yate site
to be realised in time.

 

The Company has commenced a consultation with the potentially affected
employees at Yate, following which a formal decision will be made on the
future of the Yate facility.  Further announcements will be made in due
course as appropriate.

 

The information contained within this announcement is deemed to constitute
inside information as stipulated under the retained EU law version of the
Market Abuse Regulation (EU) No. 596/2014 (the "UK MAR") which is part of UK
law by virtue of the European Union (Withdrawal) Act 2018. The information is
disclosed in accordance with the Company's obligations under Article 17 of the
UK MAR. Upon the publication of this announcement, this inside information is
now considered to be in the public domain.

 

For further information please contact:

 Billington Holdings Plc                             Tel: 01226 340 666

 Mark Smith, Chief Executive Officer

 Trevor Taylor, Chief Financial Officer
 Cavendish Capital Markets Ltd - Nomad and Broker    Tel: 020 7220 0500

 Ed Frisby / Trisyia Jamaludin - Corporate Finance

 Andrew Burdis - ECM
 IFC Advisory Limited                                Tel: 020 3934 6630

 Tim Metcalfe                                        billington@investor-focus.co.uk

 Graham Herring

 Zach Cohen

 

About Billington Holdings plc

 

Billington Holdings plc (AIM: BILN), one of the UK's leading structural steel
and construction safety solutions specialists, is a UK based group of
companies focused on structural steel and engineering activities throughout
the UK and European markets. Group companies pride themselves on the provision
of high technical and professional standards of service to niche markets with
emphasis on building strong, trusted and long-standing partnerships with all
of our clients. https://billington-holdings.plc.uk/
(https://billington-holdings.plc.uk/)

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