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