Rise in bottom line comes despite fall in income 

Pre-tax profit at Careys rose by close to half last year, the firm’s latest report and accounts filed at Companies House show.

Profit at the building and civils specialist jumped 47% to £11m, having gone up more than one fifth last time. Turnover was down 22% to £303m in the year to September 2024 giving a pre-tax margin of 3.6%. Net cash at the year-end was up 42% to £34m.

careys

Careys said profit was up again last year

The firm said its BDL drylining arm, which has worked on the Western Yards scheme at Blackfriars for Multiplex and the new Google building at King’s Cross for Bovis, had an order book of £71m.

Its bigger Careys arm, which includes its demolition, basement and substructure work business, had orders worth over £230m going into the new financial year.

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