Unfortunately, Internet Explorer is an outdated browser and we do not currently support it. To have the best browsing experience, please upgrade to Microsoft Edge, Google Chrome.
UpgradeWe present our trading results (audited) for the year ending October 2025. We have achieved the continual profit improvement we had forecast in the previous year. There is strength in our diversified business model and resilience in our balance sheet, and we are well positioned for future opportunities in our pipeline.
Sales have remained consistent in this trading period. We continued to prioritise fair risk allocation and margin over sales.
Our gross margin has continued to improve as we have implemented improved governance on project selection.
Profit achieved in the period significantly improved compared with our previous financial year.
Our Group balance sheet has improved as a result of our improved profitability.
Our order book as at January 2026 stood at £340m, demonstrating the strength in the diversity of the operating businesses within the Group.
*Orders + Preferred bidder status
Cash has improved compared with the previous year (£17.9m). This improvement comes as we continue to improve payment terms with our supply chain line with the Industry Prompt Payment Code.
We are pleased to include this metric of our EBITDA performance in the period.
We are expecting moderate growth in sales in the next period.