Billington is restructuring its steel operations with the plant at Bristol marked for closure and work at two sites in Barnsley to be consolidated into one.

The structural steel specialist issued a profit warning last month as revenue slid almost 28% to £42m in the six months to 30 June 2025 as three big contracts suffered delays sending pre-tax profit tumbling two-thirds to £1.7m.

In a Stock Exchange announcement Billington said: “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.

“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.

“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.”