Barnwood’s turnover up but profit down amid ‘heightened competition’

Barnwood Group has reported a 35% drop in annual pre-tax profit despite increasing turnover.

The employee-owned contractor based in Gloucester reported turnover of £118m in the year to 31 December 2025, up from £103.2m the previous year.

However, the group’s pre-tax profit fell from £5m to £3.3m. Its gross profit margin in 2026 was 13.2%, down from 15.2% in 2024.

The firm was the drop “was not unexpected, given the economic slowdown and heightened competition”.

It added: “Demand remained strong throughout much of 2025; however, towards the end of the year there were signs of more cautious sentiment, which we anticipate will lead to a more competitive market over the coming 18 months.

“While we expect turnover to grow again in 2026, we recognise that the trading environment has become more challenging. As such we have focused on driving efficiency in preparation for the period ahead.”