profit

Tier one contractor Wates posted record annual turnover last year although its statutory pre-tax profit nosedived, its latest accounts show. The firm – ranked 7th in last year’s CN100 index of top UK contractors – saw its revenue (excluding joint ventures) rise by 9.2 per cent from £2.1bn to £2.3bn for the year to 31

Ferrovial’s UK contracting arm has almost tripled its pre-tax profit after its revenue exceeded £500m for the second year running.  The London-based subsidiary of the Spanish conglomerate recorded a pre-tax profit of £14.1m in the year to 31 December 2024, compared with £5.5m the year before.  Turnover at Ferrovial Construction (UK) rose by 1 per

Pre-tax profit at Multiplex Construction Europe fell by more than a third last year although turnover grew by 16 per cent, according to the contractor’s latest annual accounts. It made a pre-tax profit of £19.6m for the year to 31 December 2024, down by 37 per cent on the previous year’s £31m. In his strategic

The value of a power battery goes far beyond its price tag. At a “Choco-Swap” station in Xiamen, Fujian, a power battery is experiencing its third ownership transfer—yet it remains in excellent condition. This is thanks to an asset management system known as the “battery bank,” designed to maximize the utility of every single battery.

Tier one contractor McLaren missed its £1bn turnover target last year, despite almost doubling its profit and margin. Group pre-tax profit in the year to 31 July 2024 totalled £11.9m compared with £6.3m the year before, although turnover fell by 4 per cent to £924m. The latest revenue total was still 23 per cent higher

Pre-tax profit at ground engineering specialist Van Elle Ltd rose by 30 per cent last year, although “softer market conditions” reduced the firm’s turnover. Accounts for the year to 30 April 2024 show that the firm recorded a profit of £7m compared with £5.4m the previous year. But turnover dropped by 10 per cent year

Profit has edged up at GMI Construction as a strategy of “controlled consolidation” saw turnover drop by almost a third. The Leeds-headquartered contractor, which operates in the North of England and the Midlands, adopted the strategy in 2023 following a loss-making year. In its latest published accounts, for the year to 30 September 2024, group

Opinions expressed by Entrepreneur contributors are their own. The following excerpt is from franchise expert Mark Siebert's book The Multiplier Model. Buy it now . When I hold exploratory meetings with clients, I typically ask about various items on the profit and loss (P&L) — also called an income statement — without actually referring to