McLaren on track to top £1bn turnover


McLaren Construction has delivered a strong set of financial results as it chases a major milestone in company revenues.  

Credit: McLaren.

Turnover for the year ended 31 July 2023 was £964.2 million, up from £751.6 million in the previous recorded year.  

The group is targeting turnover in FY2024 of £1.05 billion, driven by core sectors such as data centres, industrial & logistics and commercial.  

Gross profit to 31 July 2023 was reported at £40.6 million, up from nearly £27 million in the prior period. 

The group saw an operating profit of £4.8 million, compared to a £3.2 million loss the year before.  

McLaren declared a pre-tax profit of £6.3 million (FY2022: £2.4 million loss) and profit for the year of £6.3 million (FY2022: £2.6 million loss). 

Net assets were valued at £27 million (FY2022: £22.2 million).  

Was this interesting? Try HS2 bosses given deadline to justify route cancellation  

If you have a tip or story idea that fits with our publication, please contact the news editor rory@wavenews.co.uk 

Get industry news in 5 minutes!

A daily email that makes industry news enjoyable. It’s completely free.