In the year to 31st December 2022 CG Fry & Son turned over 拢107.5m (2021: 拢108.4m) and made a pre-tax profit of 拢13.1m (2021: 拢11.7m).
The development arm of the business completed 275 homes during the year while the contracting arm turned over 拢25.9m 鈥� an increase of 31% on 2021鈥檚 contracting turnover.
The company generated net cash of 拢2.8m and ended the year with no debt and net assets of 拢92.5m.
Its properties for sale include homes within the Royal Pavilion and the Northern Quadrant at Poundbury, the model town near Dorchester owned by the Duchy of Cornwall.
Finance director Ludovic Blackburn wrote in the annual accounts: 鈥淭here was, and there continues to be, high demand for the company鈥檚 contracting services. This growing side of the business is a testament to its growing reputation across the southwest for delivering a high-quality product ands excellent customer service on many and varied projects of all sizes, from multi-million-pound commercial builds to small domestic repairs and anything in between.鈥�
He continued: 鈥淭he challenges of fixed price tendering caused by cost inflation have been mitigated by an increase in negotiated and open book contracts to balance out the risks in what remains an unstable marketplace. There remains a healthy pipeline of tenders and new opportunities, which bodes well for the future.鈥�
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