Business model and strategy

Galliford Try operates across the UK as a standalone construction group, carrying out work primarily as Galliford Try and Morrison Construction.

Half year results highlights

Our business is organised into three areas: Building, Infrastructure and Specialist Services.
Building operates across the UK, designing, constructing and refurbishing assets across markets where we have proven expertise and significant opportunities, particularly the education, health, defence, justice and commercial sectors. 

The Infrastructure division comprises our Environment and Highways businesses, which carry out vital civil engineering projects across the UK. Environment covers the water and sewage sectors, where we are one of the largest players and carry out capital delivery and maintenance, and asset optimisation. Our work in Highways has contributed substantially to the national infrastructure network, from major project delivery of large-scale schemes to delivering road surfacing works and maintenance as a leading player.

Specialist Services includes our fire stopping and cladding business Oak Specialist Services; our active security business Asset Intelligence; Investments; Facilities Management and Digital Infrastructure,

Investments has historically specialised in managing construction through to operations for major building projects via public private partnerships. These skill sets are now being used to progress co-development opportunities, with a focus on the PRS (Private Rented Sector). Our expertise in leading bid consortia and arranging finance to devise and secure the right solution on an individual basis makes us attractive to clients.

Our Facilities Management business works with Building, with an emphasis on the education and health sectors. Our capabilities include delivering high-quality, full life-cycle solutions to our clients, including green retrofit.

Our network of regional offices is a key advantage, offering clients the benefit of national strength with local delivery and we are focused on sectors where we have proven strengths, operating predominantly in the public and regulated sectors.

Prior to 2020, Galliford Try was a FTSE 250 construction, housebuilding and regeneration group. The business disposed of its housebuilding divisions Linden Homes and Galliford Try Partnerships on 3 January 2020 becoming a well-capitalised, standalone construction-focused group. 

In 2021, Galliford Try announced its Sustainable Growth Strategy and acquired the water business of nmcn, including Lintott, following administration of the company. Further acquisitions have included MCS Control Systems, Ham Baker Engineering and AVRS Systems.

Our robust financial position combined with market leading positions in our chosen sectors means that we are strongly positioned for our Sustainable Growth Strategy, which aligns our financial objectives with our sustainability aspirations to deliver sustainable profitable growth. Bill Hocking Chief Executive , Galliford Try

Sustainable Growth Strategy to 2030

In May 2024, Galliford Try announced its 2030 strategy, targeting in excess of £2.2bn in revenue and a divisional operating margin of 4.0%. 

The new strategy is an evolution of the existing, successful strategy founded on the imperative to renew and improve the UK’s social and economic infrastructure,  concentrating on three main aspects of our business.

Firstly - by continuing to grow both revenue and margins in our existing core markets of Building, Infrastructure and Environment where we see resilient, long term demand across all our chosen sectors. 

Secondly - by re-entering the higher-margin Affordable Homes market where there is huge demand and where we have existing skillsets and experience. 

Thirdly - we will grow our higher margin Specialist Services capabilities across the business, including fire protection, digital infrastructure, active security and Facilities Management. 


Sustainability pillar







Health and safety

Prioritising health, safety and wellbeing and ensuring no harm to anyone linked with our operations.

Accident Frequency Rate



No harm.

Lost Time Frequency Rate



No harm.

Our people

Creating an inclusive environment and progressive culture that enables all individuals to reach their potential.

Early careers as a % of total employees



Year-on-year increase.

Women as a % of total employees



Year-on-year increase.

Employee advocacy





Environment and climate change

Adopting sustainable resourcing and consumption practices and taking measures to mitigate carbon production and climate change to protect our environment and biodiversity.

Scope 1 and 2 carbon emissions (CO2e tonnes)



Net zero by 2030.

Scope 3 carbon emissions (CO2e tonnes)



Net zero by 2045.

Waste intensity (tn/£100k revenue)



Year-on-year reduction.


Making a positive impact in communities where we operate by delivering greater social value and improving lives.

% of completed


delivering >25%

SLEV as a % of

contract value




Considerate Constructors Scheme performance


(industry ave 39.0)


(industry ave 39.0)

>39 and above industry average.



Delivering lower carbon, superior buildings and infrastructure with a better social footprint for clients in our chosen markets through a focus on innovation, digitalisation and quality.

% of repeat business in our order book




% of full year planned revenue secured at the start of the financial year




Supply chain

Aligning our supply chain with our culture and creating collaborative relationships that deliver best practice, innovation and sustainable outcomes for clients, communities and the environment.

% of business unit core trades spend with Aligned subcontractors




Prompt payment – % of invoices paid within 60 days




Sustainable financial returns


2030 target


Earn a sustainable return on the value we deliver.

Focus on bottom line margin growth

Divisional operating margin 2.4%

Divisional operating margin 2.4%

Divisional operating margin growth to 4.0%

Disciplined contract selection and sustainable revenue growth





Revenue growth to in excess of £2.2bn

Maintain strong balance sheet

Average month end cash £174m

Average month end cash £135m 

Retain a strong balance sheet and operating cash generation

Sustainable dividends

Dividend cover of 2.0x

Dividend cover of 1.8x

Dividend cover of 1.8x

Our strengths

  • Our business is well-capitalised and cash positive.
  • We have strong client relationships based on collaborative working.
  • Our management team is highly-experienced. 
  • We have a disciplined approach to project selection.
  • We are focused on sectors where we have core and proven strengths.
  • We have an excellent position on frameworks and in public and regulated sectors.
  • We are committed to creating long-term value for our stakeholders.
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