RG Carter has topped £300 million in revenue for the first time in three years.
Turnover for the regional contractor for the year ended 31 December 2022 was £304 million, compared to nearly £245 million in the previous financial period.
Pre-tax profit for the Group was £962,000, down from £10.5 million in FY2021.
While profit for the year was reported at £761,000 (FY2021: £8.1 million).
“This reduction in profit reflects the challenging conditions of the current market as a result of inflationary and supply pressures,” RG Carter wrote at the time.
Adding: “The balance sheet of the Group is strong […] having invested £1.9 million in fixed assets during the year.”
RG Carter elected not to present an income statement as part of its company report, under the Companies Act 2006.
Group cash position was just shy of £66 million, compared to £71.6 million in the prior year.
Net assets and shareholder funds were valued at £36.7 million, roughly in line with the previous financial period (FY2021: £36 million).
The Group also had a strong order book, despite economic challenges.
No dividend was paid during the reported, or previous, financial year.
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