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Severfield is the largest specialist structural steelwork group in the UK, with a growing presence in India and Europe and a reputation for performance and innovation.

in numbers


Over the last 5 years our revenue has grown by an average of 16 per cent, reflecting organic growth and strategic acquisitions to diversify our market sectors.



Our high-quality order book continues to be well-diversified and contains a good mix of projects across the Group’s key market sectors


Our year
in review

Underlying results are stated before non underlying items of £5.4m (2022: £6.1m), including the amortisation of acquired intangible assets of £3.3m (2022: £5.2m), unwind of discount on contingent consideration of £0.6m (2022: £0.7m), fair value change in contingent consideration of £0.3m credit (2022:£nil) and net acquisition-related expenses of £1.8m (2022: £0.7m). See note 31 for APM definitions.

1 Scope 1 and scope 2 emissions, using a market-based approach

High-quality order books, good earnings visibility through 2024 and inflationary pressures being well managed.

  • Revenue up 22 per cent to £491.8m (2022: £403.6m)

  • Underlying¹ profit before tax up 20 per cent to £32.5m (2022: £27.1m), ahead of expectations due to strong operational delivery

  • Underlying¹ basic earnings per share up 18 per cent at 8.5p (2022: 7.2p)

  • Total dividend increased by 10 per cent to 3.4p per share (2022: 3.1p per share), includes proposed final dividend of 2.1p per share (2022: 1.9p per share)

  • Year-end net funds (on a pre-IFRS-16 basis1) of £2.7m (2022: net debt of £18.4m), reflects improvement in working capital

  • High-quality, diversified UK and Europe order book of £510m at 1 June 2023 (1 November 2022: £486m), includes new industrial and distribution, film studio, commercial offices and nuclear orders

  • Share of profit from JSSL of £1.3m (2022: £0.8m), reflects record EBITDA of £11m and output of 108,000 tonnes

  • India order book of £139m at 1 June 2023 (1 November 2022: £143m)

  • Post period-end €24m acquisition of Voortman Steel Construction Holding B.V. (‘VSCH’), an innovative, marketleading Dutch steel fabrication company, to accelerate our growth strategy and strengthen our market position in Europe


  • Surpassed our interim target to reduce scope 1 and 2 emissions by 25% from our 2018 baseline by 2025

  • Listed in the Financial Times Europe Climate Leader’s 2023 report for the third year running

  • Awarded a ‘B’ rating in the CDP index and a supply chain score of ‘A-’ as well as maintaining our ‘very good’ BES 6001 responsible sourcing accreditation

  • Maintained our carbon neutral accreditation from the Carbon Trust for scope 1, 2 and operational scope 3 emissions for our manufacturing, office and construction operations

  • On track to submit Science-Based Target Initiative (‘SBTi’) targets in 2024

  • Member of the United Nations ‘Race to Net Zero’ Campaign which requires the establishment of a Net Zero target in line with a 1.5-degree world

  • Earned Gold membership of ‘The 5% Club’, demonstrating our commitment to ‘earn and learn’ apprenticeships

  • Adopted the National TOMs – Themes, Outcomes and Measures – methodology framework to focus our future commitments on all areas of social value

¹ See note 31 for APM definitions

Our structural framework

Our strong foundations

How our strong foundations continue to deliver sustainable growth

South bank tower


Chief Executive Officer

We are founded on our strong core values and committed to achieving our purpose.”


Our purpose is to develop better ways to build, for a world of changing demands. As the world of work and industry evolves, the buildings we use and the things we demand from them change constantly. Our response is to stay habitually innovative. We are instinctively driven towards better ways of building. Our engineers are known for their remarkable ingenuity, consistently pushing boundaries to create better buildings.

Our foundations diagram

Our compelling
investment case

We are continuing to drive sustainable growth to create long-term value for all stakeholders

our diversified

As the UK’s market-leading structural steel company, we serve people every day, whether for work, leisure or travel, or to provide essential services, including power and energy, health and education. We have extensive experience in multiple market sectors, which supports the business through changes in spending patterns and fluctuations in macroeconomic conditions. In other words, we have a balanced portfolio with market sector, geographical and client diversification.


Commercial and industrial

Commercial offices

Industrial and distribution

Data centres


Health and education

Stadia and leisure

Nuclear and infrastructure


Power and energy

Transport infrastructure

Process industries

Order book balance

The Group’s growth strategy has delivered a record UK and Europe order book with a broad diversity of sectors, geographies and clients, providing us with good earnings visibility through 2024 and beyond.

Commercial offices


Industrial and distribution

Stadia and leisure

Data centres and other


Order book balance diagram

Our chairman's

Kevin Whiteman Thumbnail

Kevin Whiteman

Non-executive chairman

2023 has been an exceptional year for the Group, achieving strong results and delivering against all areas of our strategy. These achievements are down to the resilience, dedication and creativity of our teams, and the support of our clients, supply chain and stakeholders.”

Our operational

Alan Dunsmore Thumbnail

Alan Dunsmore

Chief Executive Officer

2023 was a very successful year, achieving strong revenue and profit growth and moving into next year with a high-quality order book, highlighting the successful evolution and execution of our strategy."

Our financial

Adam Semple Thumbnail

Adam Semple

Chief Financial

Our high-quality order book and strong balance sheet underpin our ambitions to deliver sustainable growth."


How we deliver sustainable value

Steel contruction indoors

Being a responsible and sustainable business

Steel soldering

The markets we serve

Steel construction indoors