Middlesex-headquartered J Coffey Construction Limited has reported robust financial results, after investing heavily in its infrastructure and data centre delivery capabilities.
Turnover for the year ended 30 September 2023 was £164.5 million, up from £109.2 million in the previous financial period, generating a pre-tax profit of £4.3 million (FY2022: £2.7 million).
This result was largely down to J Coffey securing and delivering a significant data centre project in the UK, while revenue for its core business remained stable due to repeat work.
The Harrow–based family-run construction company generated an operating profit last year of £4.8 million, up from £3 million in the prior financial year, and EBITDA of £4.9 million (FY2022: £3.1 million)
While net assets and total equity for the business were valued at £10.7 million, up from £6.6 million in the year before, with cash reserves of £859,757, down significantly from £3 million in FY2022.
Profit after tax for the year was £4 million (FY2022: £2.3 million).
“The company’s future order book and pipeline remain strong as the business focuses on continuing to work with both new and long-established clients,” said J Coffey.
“In addition, to ensure the business has a diversified and secure revenue generation, over the past year we have prioritised the growth of the infrastructure, data centre, and structural alterations elements of business.”
J Coffey has been trading since 1991 and is well known for civils, concrete, and building works packages, specialising in substructure, superstructure, and structural alterations.
Its primary divisions are main contracting, rail and infrastructure, fire protection, data centres, and groundworks and RC frames.
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