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Mon March 25 2019

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Caddick Group revenue swells 50%

15 Mar Caddick Group, the Yorkshire-based family-run construction and property development business, has reported a record turnover of £226 million in its annual report for the year ended 31st August 2018, with pre-tax profit of £11m.

Andrew Murray, managing director of Caddick Construction
Andrew Murray, managing director of Caddick Construction

Caddick Group turnover was up by nearly 50% from the previous year and profit by about 25%.

Caddick Construction and its northwest office Caddick Construction (NW) Ltd together reported turnover for year ending 31st August 2018 at almost £88m.

Caddick Construction Ltd posted a 20% increase in pre-tax profit to £4.0m.

Andrew Murray, managing director of Caddick Construction, said: “The effect of Brexit on the construction sector has been a topic of discussion within the industry for many months and has affected the sector as a whole, with decision-making on building projects often being delayed. Despite this, Caddick Construction has continued to increase its profit and, along with the wider group, has broken the £200m turnover mark for the first time. As a diverse property business, the group is well positioned to ride today’s uncertain economic environment and has a strong pipeline in place for the coming year.”

MPU

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