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Caddick Group revenue swells 50%

15 Mar 19 Caddick Group, the Yorkshire-based family-run construction and property development business, has reported a record turnover of £226 million in its annual report for the year ended 31st August 2018, with pre-tax profit of £11m.

Andrew Murray, managing director of Caddick Construction
Andrew Murray, managing director of Caddick Construction

Caddick Group turnover was up by nearly 50% from the previous year and profit by about 25%.

Caddick Construction and its northwest office Caddick Construction (NW) Ltd together reported turnover for year ending 31st August 2018 at almost 拢88m.

Caddick Construction Ltd posted a 20% increase in pre-tax profit to 拢4.0m.

Andrew Murray, managing director of Caddick Construction, said: 鈥淭he effect of Brexit on the construction sector has been a topic of discussion within the industry for many months and has affected the sector as a whole, with decision-making on building projects often being delayed. Despite this, Caddick Construction has continued to increase its profit and, along with the wider group, has broken the 拢200m turnover mark for the first time. As a diverse property business, the group is well positioned to ride today鈥檚 uncertain economic environment and has a strong pipeline in place for the coming year.鈥

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