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Profits soar at Caddick Group in “rude health”

Construction Enquirer

Caddick Group saw profits jump by more than 40% as it posted latest results for the year ending August 2022. Across the group – which includes Moda Living, Caddick Developments and Caddick Construction – pre-tax profits hit £58m from a turnover up 28% to £492m.

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McAleer & Rushe set for record year after 2022 profit fall

Construction Enquirer

McAleer & Rushe is set for a record year having secured new contracts worth £440m in the first six months of 2023 in Greater London, the Midlands and Scotland. The bounce back follows a disappointing performance in 2022 that saw pre-tax profit fall 19% to £12m from revenue flat at £404m, according to newly-published accounts.

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Bowmer & Kirkland retains strong cash despite margin slip

Construction Enquirer

Derby-based building contractor Bowmer & Kirkland returned stable revenue and profit last year despite more challenging market conditions. Turnover was stable at £1.15bn, while trading profit fell by just over 22% to £47m as overall group margin slid from 5% to 4% in the tighter market.

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Cannabis Retail Construction: How to Navigate the Green Rush

HardHatChat

By collaborating with our partners including real estate developers and owner, architects and engineers, as well as security and legal teams, we’ve gained a lot of on-the-ground and judicial expertise that has allow us to successfully navigate this growing arena.

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Fit-out work lifts Morgan Sindall to record first half

Construction Enquirer

The fit-out operation which now is the largest on revenue alone drove profit growth at the business. Revenue increased by 14% up to £1,935m, while pre-tax profit was ahead 8% at £58m. Morgan Sindall trading divisions Revenue Operating profit margin £m change £m change % Construction 470 +20% 12.0 +6% Fit Out 498 +9% 30.4 +43%

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Van Elle hits record revenue as margins up to 3.9%

Construction Enquirer

Despite materials and labour inflationary pressures, delays to highways works and the housing market slown down, the piling specialist increased pre-tax profit in the year to April 2023 to £5.3m previously.

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Low Build-For-Rent Supply Drives Up Market Competition

Pro Builder

Without much available land, investors are seeking out profit among spaces where rezoning, redevelopment plans, and entitlement issues make it easier for developers to secure the land they need. If there used to be a hot tub full of cash for build-for-rent (BFR) deals, now there is an Olympic-sized swimming pool. Read More. .