{"id":810388,"date":"2024-12-06T10:12:04","date_gmt":"2024-12-06T16:12:04","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2024\/12\/06\/red-construction-tops-100m-turnover\/"},"modified":"2024-12-06T10:12:04","modified_gmt":"2024-12-06T16:12:04","slug":"red-construction-tops-100m-turnover","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2024\/12\/06\/red-construction-tops-100m-turnover\/","title":{"rendered":"RED Construction tops \u00a3100m turnover"},"content":{"rendered":"
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In the year to April 2024, RED doubled pretax profit to \u00a32m maintaining\u00a0profit margin at 1.7%.<\/p>\n

Based on a strong order book, RED is forecasting another year of controlled growth that should generate revenues of over<\/span> \u00a3130m to April 2025.<\/span><\/p>\n

The firm, which operates from business centres in London and the south west, delivers a mix of projects ranging up to \u00a350m.<\/p>\n

Its special projects arm targetting projects under \u00a310m in value has successfully secured a pipeline of \u2018cut and carve\u2019 projects for the growing office overhall market in the capital.<\/p>\n

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Graham Sturge, CEO at RED Construction Group, said: \u201c12 months ago, we predicted 2023\/24 would be a huge milestone for the business, and I\u2019m proud that we\u2019ve met that and more, with a turnover comfortably over the \u00a3100m mark for the first time.<\/p>\n

\u201cWe\u2019ve also sustained a robust profit margin, an important element of the stable, considered growth we want to achieve year-on-year.<\/p>\n

\u201cWhilst we celebrate this, we\u2019re also very conscious of the volatility of our market.<\/p>\n

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\u201cOur focus for the coming year remains the same \u2013 risk management, stable growth, and supporting our supply chain partners, that are often hit hard by that volatility and rarely spoken about publicly.\u201d<\/p>\n

RED Construction Group is currently delivering a portfolio of works across hospitality, commercial, office, and student accommodation sectors.<\/p>\n

Projects include the landmark 130,000 sq ft office scheme in the heart of Westminster for Tellon Capital, Berkeley Estate Asset Management\u2019s comprehensive refurbishment of 8 Lancelot Place, a live office building in Knightsbridge, and significant works to Manhattan Loft\u2019s iconic St Pancras Renaissance Hotel.<\/p>\n

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Read More<\/a>
\n Aaron Morby<\/p>\n","protected":false},"excerpt":{"rendered":"

In the year to April 2024, RED doubled pretax profit to \u00a32m maintaining\u00a0profit margin at 1.7%. Based on a strong order book, RED is forecasting another year of controlled growth that should generate revenues of over \u00a3130m to April 2025. The firm, which operates from business centres in London and the south west, delivers a<\/p>\n","protected":false},"author":1,"featured_media":810389,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2808,110484],"tags":[],"class_list":{"0":"post-810388","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-construction","8":"category-turnover"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/810388","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=810388"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/810388\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/810389"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=810388"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=810388"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=810388"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}