Tilbury Douglas targets £530m turnover after orders swell

Tilbury Douglas Group saw trading profits halve to £6.2m last year as it relaunched as a standalone business.
Revenue also fell 13% to £405m as the business saw its first-half impacted by the transition from Interserve Group to Tilbury Douglas.
Chairman Nick Pollard said the firm ended the year on a firm footing with strong orders and all legacy issues and contracts cleared.The firm decoupled its legacy defined benefit pension scheme through a third-party buyout, which resulted in th