Laing O’Rourke M&E subsidiary returns to profit

Though revenue for the year ended 31 March 2024 fell to £27.2 million, compared to £72.8 million achieved in the previous financial period, the business generated a pre-tax profit of £3.1 million (FY2023: £19,000 loss).     

“The company is profitable in the year and the directors expect it to continue to be so,” said Crown House. 

The Kent-headquartered M&E specialist reported an operating profit of £3.1 million, compared to a £19,000 loss recorded the year prior.  

At the year end, Crown House’s balance sheet had net assets and total equity of £47.5 million, compared to £44.5 million recorded the year before. 

No dividends were declared or paid during the year (FY2023: £Nil) and the directors did not recommend payment of a final dividend (FY2023: £Nil). 

Crown House posted profit for the year of £3 million, ahead of a £4 million loss recorded the year prior. 

Crown House Manufacturing (CHtM) pioneered the use of offsite manufacturing for mechanical, electrical and public health services more than 25 years ago, and since then has helped to deliver some of the UK’s most iconic buildings. 

Today, CHt is the UK’s foremost prefabricator of modular building services, providing nationwide capability from a 12,000 sqm facility near Birmingham. 

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