Caddick Construction Group has posted robust financial results for the year ending 31 August 2024, with annual turnover reaching £356 million, marking a 12% increase on the previous year.
The figures highlight the company's commitment to sustainable growth and reinforce a positive outlook for the wider Caddick Group.
The increase in turnover helped drive pre-tax profits to £8 million, with profit margins holding steady at 2.4%. The group's order book also grew by 7% to £750 million, while year-end cash rose to £32.8 million, up from £31.9 million the previous year. Notably, Caddick Construction Group reports holding no debt, further strengthening its financial position.
These figures form part of the overall performance of the Caddick Group, which includes Caddick Construction, Caddick Developments, and Moda Living. Across the board, the group achieved a consolidated turnover of £606 million, a 23% rise in gross profit to £70 million, and net asset growth to £202 million.
The year has seen significant milestones for Caddick Construction, including the opening of a new headquarters in Wakefield in June 2023 and the launch of its first North East office in Durham. The company also expanded its project pipeline across the Northwest, Cumbria, North East, Yorkshire, and the Midlands.
Key projects include the new Schneider manufacturing facility in Scarborough, delivered alongside Caddick Developments, and public sector developments such as the expansion of Loreto Sixth Form College in Manchester. In the residential and industrial sectors, Caddick secured major contracts including the first phase of the Upper Trinity Street project in Birmingham and Max Spielman's new warehouse on the Wirral.
The group's performance also includes the contributions of its specialist sub-contracting divisions, Caddick Civil Engineering and CCL Facades, both of which continue to grow sustainably in turnover and profitability, serving both Caddick Construction and third-party clients.
Paul Caddick, Chairman at Caddick, said: "I'm incredibly proud of the results we’ve achieved this financial year, with a strong turnover reflecting the hard work and dedication of our staff as we continue to build our pipeline and further invest in our people. Our people are at the heart of everything we do, and these results are a testament to the collective effort across the business, underlining our purpose of creating thriving communities."
Paul Dodsworth, Construction Group Managing Director, commented: "The past few years have seen the group achieve significant operational and financial progress. We are determined to work with clients and partners that share our values for quality and as a result, the contracts within our order book reflect the bidding discipline and risk management now embedded in the business.
"Our strategy is to balance our portfolio between the public and private sectors, growing our education and defense work pipeline alongside our core residential and industrial sectors. This ensures stable profitability to protect our business, our people, our clients and our supply chain. The success for future years is underpinned by the year-end order book, resulting from a large number of contract wins across Construction, Civil Engineering and CCL Facades, providing multi-year revenue visibility.
"We are well positioned to continue benefiting from UK Government spending commitments and we are confident in sustaining strong cash generation, especially over the last few years, allowing us to grow and deliver the evolved long-term sustainable growth plan for Caddick Construction Group.
"Over the past year, the Caddick Group has also extended its commitment to having a positive impact in the places where it operates. We have made real progress in our scope 1 and scope 2 emissions."
Construction News
15/04/2025
Caddick Construction Reports £356m Turnover And Strong Growth In 2023/24


01/07/2025
Construction firm GRAHAM is making strong progress on the University of Manchester's flagship Fallowfield Campus redevelopment, working as part of the Viridis Consortium alongside partners Equitix and Derwent FM.
Following the demolition of the iconic Owens Park Tower, the project has now entered i

01/07/2025
Kirklees Council has announced that the West Yorkshire Archive Service (WYAS) will be moving into a new, purpose-built home within Huddersfield's flagship library hub, part of the Our Cultural Heart regeneration scheme.
The move marks a major milestone in the preservation and accessibility of the b

01/07/2025
Dalkia UK has officially assumed responsibility for the facilities management services at eight nuclear power stations operated by EDF Nuclear Operations.
The newly secured contract includes a wide range of essential services, including mechanical and electrical maintenance, building and grounds up

01/07/2025
Ofgem has provisionally approved a landmark £24 billion investment package to upgrade Britain's energy infrastructure, strengthen energy security, and accelerate the transition to clean power.
The initial funding, announced on July 1, is part of a wider £80 billion programme that represents the mo

01/07/2025
Engineering specialist MARCH has been appointed to United Utilities' Monitoring and Control Systems Integration framework, further strengthening its role in supporting vital water infrastructure projects across the North West.
The framework, which will initially run for five years with the potentia

01/07/2025
THE GUARDTECH GROUP are gearing up for a golden second half of year with THREE awards showpieces on the calendar.
First up, the cleanroom construction experts are finalists for the Large Business of the Year gong at the prestigious Suffolk Business Awards.
That event takes place on Thursday 10 Jul

01/07/2025
Leeds College of Building (LCB) has launched a refreshed brand identity and a new website as it celebrates 65 years of delivering specialist education and training in the construction industry.
The rebrand follows an 18-month collaboration with branding agency Born Communication, aiming to better r

01/07/2025
Three major projects delivered by Farrans have been named among the UK and Ireland’s best in the shortlist for the 2025 British Construction and Infrastructure Awards.
The Gull Wing Bridge in Suffolk, constructed by Farrans on behalf of Suffolk County Council, has been shortlisted in the Best Trans

01/07/2025
Persimmon Homes Wessex and Selwood Housing have formalised a new agreement to deliver additional affordable homes at the Backbridge Farm development in Malmesbury.
The two organisations have exchanged contracts on six high-quality homes, which Persimmon will complete and hand over to Selwood Housin

01/07/2025
More than 200 pupils from 14 Manchester schools came together to celebrate their achievements in sustainability and environmental action, as part of the city’s Eco-Schools programme.
Teachers and community leaders joined the pupils in Heaton Park to officially recognise the schools that have led t