{"id":851701,"date":"2025-05-28T09:11:49","date_gmt":"2025-05-28T14:11:49","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/05\/28\/cg-fry-profit-rises-amid-high-demand-for-contracting-services\/"},"modified":"2025-05-28T09:11:49","modified_gmt":"2025-05-28T14:11:49","slug":"cg-fry-profit-rises-amid-high-demand-for-contracting-services","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/05\/28\/cg-fry-profit-rises-amid-high-demand-for-contracting-services\/","title":{"rendered":"CG Fry profit rises amid high demand for contracting services"},"content":{"rendered":"
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Pre-tax profit has risen by 18 per cent at Dorset builder CG Fry & Son on the back of a bumper increase in turnover in its contracting arm.<\/span><\/p>\n

The Dorchester-based company, which operates as both a contractor and residential developer, said a strong financial and operational performance last year had left it well positioned for further growth, despite the challenge posed by construction cost inflation.<\/span><\/p>\n

Profit before tax stood at \u00a312.4m, up from \u00a310.5m the year before, according to the company\u2019s newly published annual report and financial statements for the year ending 31 December 2024.<\/span><\/p>\n

Turnover surged from \u00a398.6m to \u00a3122.6m over the period. <\/span>Within that total, the contracting division turned over \u00a341m \u2013 a 57 per cent increase on the previous year.<\/span><\/p>\n

\u201cDemand for the company\u2019s contracting services remained strong in 2024, reflecting its reputation for delivering high-quality, cost-effective work ranging from large-scale commercial projects to small-scale residential works,\u201d the directors said in a strategic report accompanying the financial results.<\/span><\/p>\n

\u201cA healthy pipeline of tenders and new opportunities bodes well for the future.\u201d<\/span><\/p>\n

Last September, CG Fry was one of 22 firms to win a place on an<\/span> \u00a3800m modern methods of construction framework<\/span><\/a> led by Procurement for Housing and an alliance of housing associations backed by the National Housing Federation.<\/span><\/p>\n

Turnover in CG Fry\u2019s larger development division grew 13 per cent to \u00a382m, fuelled by an increase in private completions and staged payments from affordable housing providers.<\/span><\/p>\n

\u201cDespite broader economic challenges affecting the wider housing market, the company succeeded in growing turnover while protecting profit margins,\u201d the directors said.<\/span><\/p>\n

\u201cWith net assets exceeding \u00a3100m [\u2026] the company is in a very strong position to navigate market cycles and take advantage of opportunities.\u201d<\/span><\/p>\n

The firm had cash at hand of \u00a3270,911 at the end of last year, up from \u00a3249,970 in 2023.<\/span><\/p>\n

CG Fry began this year free of short-term bank debt, having owed \u00a34m at the start of 2024, although it holds a \u00a335m revolving credit facility with Lloyds Bank.<\/span><\/p>\n

The firm paid out \u00a31.4m in dividends last year, up from \u00a3310,000 in 2023.<\/span><\/p>\n

Its average monthly headcount rose from 199 to 205 employees, and the annual wage bill increased from \u00a310.8m to \u00a312m.<\/span><\/p>\n

Best known for its work on the Poundbury development in Dorchester, CG Fry is currently awaiting the outcome of its appeal to the Supreme Court in a<\/span> long-running dispute over nutrient neutrality rules<\/span><\/a>.<\/span><\/p>\n

The case will test whether the rules apply in cases where planning consent was granted to a development before the introduction of Natural England\u2019s guidance on the issue.<\/span><\/p>\n<\/div>\n

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At CN Intelligence you can view and filter seven years\u2019 worth of detailed financial information on the top UK construction firms via our interactive dashboards. Access in-depth written analysis of the numbers along with targeted data and analysis on specialist contractors.<\/p>\n<\/div>\n<\/div>\n<\/div>\n

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Related Article<\/h3>\n<\/p>\n<\/section>\n<\/div>\n

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

Pre-tax profit has risen by 18 per cent at Dorset builder CG Fry & Son on the back of a bumper increase in turnover in its contracting arm. The Dorchester-based company, which operates as both a contractor and residential developer, said a strong financial and operational performance last year had left it well positioned for<\/p>\n","protected":false},"author":1,"featured_media":851702,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23002,22420],"tags":[],"class_list":{"0":"post-851701","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-profit","8":"category-rises"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/851701","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=851701"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/851701\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/851702"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=851701"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=851701"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=851701"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}