Caddick Group Celebrates Record Turnover

Yorkshire-based construction and property firm, Caddick Group has continued to increase its profit with a record turnover of £226 million, despite the ongoing effect of Brexit.

In the company's annual report for the year ending 31 August 2018, pre-tax profits were £11m and group-wide turnover grew by 49% from last year.

Caddick Construction and its North West office, Caddick Construction (NW) Ltd, together reported turnover at almost £88 million.


Andrew Murray, Managing Director of Caddick Construction, said: "The effect of Brexit on the construction sector has been a topic of discussion within the industry for many months and has affected the sector as a whole, with decision-making on building projects often being delayed.

"Despite this, Caddick Construction has continued to increase its profit and, along with the wider Group, has broken the £200million turnover mark for the first time. As a diverse property business, the Group is well positioned to ride today's uncertain economic environment and has a strong pipeline in place for the coming year."

(CM)