Multi-disciplinary construction, development, and environmental services company Casey Group has overcome project delays to deliver stronger margins and double its pre-tax profits for the year.
The North West-based group reported a 13.7 per cent fall in turnover to £76.4 million for the year ended 31 July 2025, down from £88.6 million in 2024.
The decline reflected delays in Gateway 2 approvals for high-rise recladding projects and the conclusion of the affordable homes programme.
Despite the revenue drop, gross margins strengthened to 17.7 per cent (FY2024: 12.3 per cent) and pre-tax profits doubled to £4.5 million (FY2024: £2.2 million).
Refurbishment and energy efficiency projects drove performance, offsetting slower new build activity.
Subsidiaries performed variably, with its development business P Casey & Co posting improved margins despite an 8.6 per cent turnover decline, while specialist equipment supplier Casey Plant Services grew revenue by 10.6 per cent.
The group maintains strong liquidity with a current ratio of 1.99, with an improved cash balance of £20.4 million and net assets of £25.7 million, and recommended a £1.1 million dividend.
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On behalf of the Board, group finance director Jeremy Warren, said: “The group continues to build on its position at the forefront of this market in the North West and continues to develop its geographical reach and product offerings.
“Opportunities In both new and existing markets will continue to be explored in line with the wide technical abilities and extensive experience of the project and site management teams.”
Founded in 1968 by Peter Casey, the Rochdale-headquartered Casey Group has grown into a multi-disciplinary construction and property organisation, delivering building, development, environmental, and plant services for public and private sector clients.
Its portfolio spans new build and refurbished housing, public buildings, civil engineering, and development projects, with notable schemes such as the £14.5 million Kersal Vale housing development.
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