Family-owned contractor Hobson and Porter has delivered a strong financial performance amid market challenges.
During FY25, the firm, which operates across Yorkshire and Lincolnshire, reported revenue of £66 million, down from £80.4 million in the period from 1 Apr 23 to 30 Sep 24, despite inflationary pressures and start delays.
Hobson and Porters’ operating profits also rose to £798,126, up from £21,000 in the same period, while pre-tax profits increased to £798,126 (FY23/24: £147,126).
Bosses attributed its results to the “satisfactory resolution” of previous loss-making contracts, work secured and an “above average” level of construction activity in limited sectors.
In a statement, Hobson and Porter said: “The company has continued to operate in accordance with its strategic objectives, maintaining a balanced portfolio across both public and private sector clients and progressing its three-year strategic plan despite prevailing economic uncertainty.
“The business continues to operate in a competitive market environment. Whilst cost inflation for certain materials and labour has shown signs of stabilisation in the period, a residual timing lag between cost movements and tendered pricing continues to present risks to project margins and programme certainty.”
The company also paid £120,000 in dividends during the year.
Meanwhile, cash rose to £6.2 million (FY23/24: £4.1 million), supported by net assets worth £5.7 million (FY23/24: £5.1 million).
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