For the year ended 30th September 2021, Carey Group made a pre-tax profit of 拢1.1m from revenue of 拢344m. Turnover was the lowest for several years due the winding down of non-core businesses. In 2017, by contrast, Carey Group turned over nearly 拢550m, and almost 拢500m in 2020.
In 2020 the board decided to focus on the civil engineering (Careys) and dry lining (BDL) businesses. Demolition and asbestos removal (TE Scudder) and house-building (Carey New Homes) have since been wound up. The Irish contracting business is in the process of being wound up 鈥� its live contracts still under construction are expect to complete by April this year.
Continuing operations delivered a profit before tax of 拢9.0m in fiscal 2021 for the group; the discontinued operations made a pre-tax loss of 拢7.9m.
Chief executive Jason Carey said: 鈥淒espite the challenging conditions, I am please to report聽 a strong order book of 拢666.8m for the upcoming financial year for the Carey Group.鈥�
The bulk of this is on the books of PJ Carey (Contractors) Ltd, now branded as Careys, which entered 2022 with an order book of 拢577.8m.
Chief operating officer Tommy Carey said: 鈥淲e have seen a significant increase in enquiries and opportunities in the residential, education, infrastructure and energy sector. We are now seeing solid movement of opportunities in London and converting into live projects. Our strategic pipeline currently includes over 70 projects and is in excess of 拢1.8bn.鈥�
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