Revenue up at builder Caddick

COnstruction firm Caddick reported a 20 per cent increase in turnover compared to 2016 following a successful year with a number of new contract wins.

Monday, 9th April 2018, 4:02 pm
Updated Monday, 9th April 2018, 4:06 pm
National Apprenticeship Week - Leeds female apprentice Kirsty Wood works for Yorkshire Head Quartered, Caddick Construction, and is currently a trainee site manager at Kirstall Bridge Shopping Park, one of the largest retail developments currently being built in the city.

The company, currently redveloping Headingley stadium, brought in £97.7m in the year ending August 31 2017, up from £81.3m in 2016.

The Yorkshire based business also reported pre-tax profits of £3.4m in its report to Companies House, a rise from £3.2m last year.

Forecasts for the current financial year estimate a turnover of £103m expected and £87m of work already secured.

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Bosses attributed the performance to a number of high profile projects such as the refurbishment of Emerald Headingley Stadium and the regeneration of Stonebow house in York.

In 2017 Caddick also completed phase one of the £100m prime distribution and logistics scheme, Crosspoint33 and began work on automotive projects for Jaguar Land Rover, Hyundai and The Car People. The group employs nearly 500 people.

Andrew Murray, managing director of Caddick Construction, said: “Our strong results are ultimately down to the hard work of our teams on the ground.

“We are now looking forward to another prosperous year of trading with the foundations already laid for further success.”

Caddick Construction and Caddick Civil Engineering are the operational arms of Caddick Group PLC.

The firm has been operational for 38 years across a range of market sectors including commercial, education, industrial, leisure, refurbishment, residential, care, retail, mixed use and fit out.

Last year, its founder Paul Caddick was named as Property Personality of the Year 2017 at the Yorkshire Property Awards.