Financial

Employee-owned Neilcott Construction saw double-digit percentage growth in turnover and pre-tax profit last year. In the Kent-based contractor's accounts for the 2023 calendar year, filed last week with Companies House, the firm posted £138.9m in revenue, up significantly from £100.3m the previous year. Pre-tax profit grew more modestly from £2.6m…

Geoffrey Osborne Ltd owed trade creditors £25.9m when it collapsed, administrators from RSM Restructuring Advisory have reported. In documents filed with Companies House last Friday (14 June), the administrators said that 504 firms were left with unpaid invoices when the contractor fell into administration on 30 April. Five of these…

A concrete structures specialist has recorded a jump in profit and turnover, despite citing the impact of inflation. MPB Structures, based in Northamptonshire, penned a pre-tax profit of £4.7m in the year to 30 September 2023, up on the £3.9m it made in the previous 12 months, newly published accounts…

John Wallace is managing director and head of real estate at solicitors Ridgemont The UK may still be hurting from Brexit, but the Pacific trade deal is a step in the right direction. Member states benefit from free trade, consistent trade rules and the recognition of each other’s local qualifications.…

McAleer & Rushe has reported a fall in profit as it unveiled turnover targets for 2025. The Northern Ireland-based design-and-build contractor tabled a pre-tax profit of £11m for the year to 31 December 2023, a slight decrease on the £12.1m for the previous year. Its pre-tax profit margin therefore decreased…

Amey UK saw a dip in turnover last year despite improving its tender success rate, according to the company’s latest annual accounts. Revenue at the transport infrastructure and facilities management contractor, which was ranked fifth in the CN100 2023 table of top contractors by turnover, reached £1.84bn in the year…

Durham-based CA Group improved turnover and profitability last year, according to its latest accounts filed with Companies House. Turnover for the year ending 30 September 2023 reached £117.2m, compared with £107.5m in 2021/22. This was the third consecutive year of revenue growth for the firm since a downturn related to…

Infrastructure and energy company OCU Group has acquired civils firm RJ McLeod for an undisclosed sum. OCU stated that the acquisition, announced today (11 June), will increase its annual revenue to more than £800m “and grows the capability and capacity for work in supporting the critical UK energy transition” to…

Mechanical and electrical (M&E) contractor NG Bailey returned to profitability in the year to 1 March 2024 as a careful approach paid off, its latest accounts show. Group turnover rose by 12.9 per cent year on year to reach £600.1m. Higher turnover in both divisions generated a pre-tax profit of…

Family-owned civils contractor J Murphy & Sons boosted its pre-tax profit by 50 per cent last year, despite a £70m fall in turnover. In a reversal of its 2022 performance, when profit fell but revenue rose, the firm’s latest annual accounts for the 2023 calendar year showed that turnover decreased…