The operating company—Hughes & Salvidge Limited—delivered an operating profit of £1.3m, on gross profit of £8.4m. Profit before tax was £1.25m; after tax profits were £1.07m.
The slippage at the operating company came during widespread economic uncertainty. The company says it is aiming to build resilience through operational discipline, selective project management and careful financial management.
The company has also focused on strengthening its net asset position. At the operating company, net assets increased to £12.3m, up from £10.9m in the year to March 31 2025.
The company says that it is aiming to pursue opportunities in the UK, while developing its work overseas. In the year to March 31, it continued work in Portugal, while tendering for further overseas opportunities.
While the group's operating company, Hughes and Salvidge Limited reported a profit, holding company Hughes and Salvidge Demolition Limited recorded goodwill amortisation of £1.5m. This resulted in a net loss after tax £0.3m, compared to a net loss after tax in the year to March 31 2025 of £0.3m.
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