The Yorkshire based business reported pre-tax profits of 拢2.5m in its report to Companies House for the year ended 31st August 2016, a rise from 拢2m in 2015.
The company also generated a 17% rise in turnover on the previous year, to 拢81m.
Increased profitability is largely down to Caddick Construction鈥檚 involvement in a number of regeneration projects such as Project Jennifer and Liverpool Shopping Park in Liverpool. Caddick's automotive portfolio was also boosted in 2016 with projects for Jaguar Land Rover, Vauxhall and The Car People.
The outlook for the current financial year is strong, with 拢92m of turnover forecast 鈥� another 14% rise 鈥� with a current forward order book of 拢70m.
Andrew Murray, managing director of Caddick Construction, said: 鈥淥ur strong results are ultimately down to the hard work of our teams on the ground. It鈥檚 been a fantastic year for us with a number of projects delivered on time and to budget and some really exciting sites starting to take shape.
鈥�80% of our business is from repeat clients, which is testament to our commitment to delivering on our promises and our collaborative approach to working with our clients and suppliers. We are now looking forward to an even more successful 2017 with the foundations already laid for a prosperous year.鈥�
Caddick Construction鈥檚 parent company Caddick Group, headed by chairman Paul Caddick, declared pre-tax profits of 拢18.8m for the year to 31st August 2016 on turnover up 58% to 拢148.4m. In financial 2015 the group made 拢4.0m profit on turnover of 拢94.2m. Caddick Group鈥檚 2016 results were significantly helped by its property development businesses, which include the Moda Living private rented sector joint venture with Generate Land.
Caddick Group also owns the Leeds Rhino rugby league club.
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