We are pleased to unveil details of our most successful trading period in our 133-year history, with turnover rising by 10% and approaching £200m in 2024.
In the full year to 31 December 2024, the company turned over £198m, with pre-tax profits reaching £5.2million.
The strong performance was underpinned by the completion of 43 projects from our offices in Bristol, Guildford, Oxford, Southampton and Swindon.
We also saw a successful year for our newest office in Southampton, which opened in January 2024, and successfully achieved its targets by turning over £4.8million.
While it’s been a more favourable trading environment from that of recent years, a continued focus on the basics of building construction has been a key driver. We start 2025 with a healthy pipeline of work, supporting our ambitions for further business improvement and growth.
Fraser Johns, Finance Director
Laying foundations for success
Investing in people has continued to be a core focus, with new and enhanced training programmes developed and delivered. This included EmpowerHer, a bespoke training course to support women in construction.
We also formalised our approach to supporting communities, with social value coordinators appointed in each region to support our charitable, developmental, and sustainability ambitions. With match funding from The Beard Charitable Foundation, colleagues raised more than £100,000 for 14 different charities and good causes in 2024.
During 2024, we were also amongst the first cohort to be awarded the Fair Payment Code bronze award, which replaced the Prompt Payment Code in December 2024, demonstrating its commitment to supporting supply chain partners.
Delivering for our customers
At the heart of this is our work for its customers across the south of England. Project highlights from 2024 included:
- Starting work on £17m luxury retirement village for Rangeford Villages at Wadswick Green
- Starting a £14.6m renovation at Pusey Lane and 19-21 St John's Street for St John's College in Oxford
- Starting to build the new £12m care facility for Phyllis Tuckwell Hospice, Farnham
- Starting construction of the £9.7m African Forest for Bristol Zoo
- Starting a £6.7m renovation of Hilsea Lido in Portsmouth to bring it back to life
- Completing a £16m flagship Porsche dealership for Dick Lovett centre in Newport, Wales
- Completing a £12m new STEM building for Richmond-upon-Thames College
- Completing a £3.5m new build Construction Centre for Gloucestershire College.
Fraser Johns, Finance Director
