Octavius revenue tops £200m in first full standalone year

Private equity-owned civils contractor Octavius, formerly known as Osborne Infrastructure, saw margins squeezed last year as inflation impacted two jobs.
Reporting its first full year as a wholly independent business, the civils firm’s strategy to focus on existing customer relationships and core capabilities resulted in a successful year for sales, increasing turnover by 13% to £215m.
But trading margin slid from 3.2% previously to 2.8% due to the two contracts where costs exceeded