Acquisitions have helped to drive growth for Cardo Group, as its revenue nearly doubled to £314 million in its latest accounts.
Reported turnover for FY26 from acquisitions and “organic growth” increased significantly by 65 per cent, to £239 million (FY25: £145 million).
The sum reflects the company’s strategy of developing its core service lines including Repairs & Maintenance and Compliance and Energy Services.
During the period, Cardo completed seven acquisitions, strengthening its capabilities across energy, roofing, passive fire safety, cyclical and planned maintenance, while also broadening its reach in Northern Ireland and the Republic of Ireland through acquiring maintenance services from CTS.
The group’s pre-tax profit rose to £15.4 million (FY25: £8.1 million), with EBITDA also growing more than twofold to £31.6 million (FY25: £13.7 million).
Liam Bevan, chief executive at Cardo Group, said: “This has been a landmark year for Cardo, and one that reflects the scale of ambition we set out to achieve when we began this journey back in 2012.
“Our growth has come first from the quality of the work our teams deliver every day for residents and clients, which has driven strong organic growth alongside consistently high contract renewal rates and a strong run of new business wins.”
The company maintained a strong cash position, with figures rising to £15.1 million, up from £9.9 million the year before.
Following the recent acquisitions of EFS Systems, R Lewis and Correct Contract Services this summer, Cardo is currently targeting £500 million revenue in FY27.
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