Caddick Construction Group has reported a consolidated turnover of £375m and profit before tax of £4.5m for its latest financial year, with its Construction, Civil Engineering and Facades divisions targeting a combined 4% margin supported by a £1.4bn forward order book.

Revenue rose 8% on 2023/24, and the Group closed the year with £36m in cash and cash equivalents, a 10% increase on the prior year.

The figures consolidate all operations within Caddick Construction Group, including Construction divisions in Yorkshire & North East, North West & Cumbria, and the Midlands, alongside sub-contractors CCL Facades and Caddick Civil Engineering.

To support long-term growth, the year featured a series of investments: £600k in new plant for Caddick Civil Engineering, new premises in Durham, and a £500k refurbishment of the Warrington site incorporating energy-efficiency upgrades.

Key project wins included Stone Yard, a 1,000 home BTR development in Birmingham for sister company Moda and joint venture partner Aviva Capital Partners.

The business has rapidly expanded its presence in the North East, with major schemes underway for Richardson Barberry in County Durham and Placefirst in Sunderland.

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Balancing public and private sector work, Caddick secured a place on Prosper's £500m New Build Development Framework and Torus' £224m housing and retrofit framework during the reporting period.

New framework success also included four lots on the Department for Education's (DfE) £15bn Construction Framework 2025, covering projects valued from £4.4m to £12m across the North East, Yorkshire and the Humber, East Midlands, and the North West and West Midlands.

The Group welcomed 100 new colleagues, invested in 26 apprentices and trainees, and achieved an industry-leading accident frequency rate of 0.08.

Through its ESG strategy, Places for Life, shared with the wider Caddick Group, the business reported a collective £189m local spend in 2024.

Despite industry headwinds—including delays and viability challenges linked to the Building Safety Act, inflationary pressures and materials price volatility—the Group wrote off remaining legacy losses on projects affected by hyperinflation and sub-contractor insolvency.

Paul Dodsworth, Managing Director Caddick Construction Group, said: "We are delighted with a year of real progress across Caddick Construction Group. We share in the industry's headwinds, and we are proud to have maintained a resilient and growing group of businesses despite these challenges. Our success is down to the hard work of our people and their wealth of expertise. We are determined to sustainably grow while retaining our reputation for high quality, and this is a vision we share as a team.

"With the Group's strong short-term visibility and significant medium to long-term potential, the Board remains confident that our three-year journey to deliver a consistent 4% margin will be achieved. Alongside our pipeline growth, we will continue to invest in our people, our business and our capability to ensure we keep pace with the huge technological and policy changes our industry is seeing, so that we can continue to deliver exceptional work for our clients."