Caddick Construction Group Reports Record £375m Turnover

Caddick Construction Group has reported a consolidated £375m turnover and £4.5m Profit Before Tax (PBT) for its last financial year as the Group’s Construction, Civil Engineering and Facades divisions target a combined 4% margin fuelled by a £1.4bn forward order book.

Representing an 8% increase in revenue compared to 2023/24’s turnover, Caddick Construction Group’s financial performance also saw the Group end the year with £36m cash and cash equivalents, a 10% increase on the previous year.

The 2024/25 performance consolidates all businesses within Caddick Construction Group, including Construction divisions in Yorkshire & North East, North West & Cumbria and the Midlands, as well as sub-contracting businesses, CCL Facades and Caddick Civil Engineering.

Underpinning the progress, the year saw a series of key investments to support long-term growth. These include £600k in new plant for Caddick Civil Engineering, and investments in new premises in Durham, and a £500k refurbishment of the Warrington premises, including energy efficiency upgrades.

Key project wins for the year include Stone Yard, a 1,000 home BTR development in Birmingham on behalf of sister company, Moda, and its joint venture partner, Aviva Capital Partners.

Caddick has also rapidly become an established presence in the North East, with major projects underway for Richardson Barberry in County Durham and Placefirst in Sunderland.

Alongside pipeline and geographical growth, Caddick has balanced its public and private sector projects to ensure stable work pipelines. Within the reporting year, this included Caddick’s appointment to Prosper’s £500m New Build Development Framework and Torus’ £224m housing and retrofit framework.

New frameworks for Caddick also include four lots of the Department for Education’s (DfE) £15bn Construction Framework 2025 for projects valued from £4.4m to £12m in the North East, Yorkshire and the Humber, East Midlands, and North West and West Midlands.

The recent reported year also saw Caddick Construction Group welcome 100 new colleagues, invest in 26 new apprentices and trainees as well as achieving an industry leading health and safety record with an accident frequency rate of 0.08.

The business’ ESG strategy, Places for Life, which it shares with the wider Caddick Group, continues to make a tangible difference to its communities, and reported a collective £189 million local spend in 2024.

Throughout the year, Caddick Construction Group overcame a number of industry-wide headwinds, including project delays and viability challenges due to the Building Safety Act, inflationary pressures and material price volatility. The year also saw the business write off remaining legacy losses on projects adversely affected by hyperinflation and sub-contractor insolvency.

“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.”

Paul Dodsworth, Managing Director Caddick Construction Group