Careys is targeting future growth following an “encouraging” financial performance that has given the company a confident outlook.

For the financial year ended 30 September 2024, the group had net assets of £143 million, including £92 million of real estate with minimal borrowing, and net cash of £43 million.
Consolidating its turnaround in the year prior, the group generated revenues of £388 million last year (FY2023: £402 million) against an EBITDA profit of £11 million (FY2023: £9 million).
Careys’ specialist contracting businesses – which includes BDL – have also secured 67 per cent of its order book for 2025 with a strong pipeline of work – alongside continued group investment in its engineering and commercial teams as well as new employees.
Boosting operational efficiency, the family-owned construction company completed the first in its three-year plan to invest £50 million in the digital transformation of the business and in upgrading its plant and fleet.
“The Carey Group is pleased to report another encouraging set of results achieved this year,” said Carey Group CEO, Jason Carey.
“As we look ahead, our focus remains on targeted, measured growth in line with inflation, margin improvement through disciplined contract take-on and a considered approach to project management.
“Our position of financial stability and strong governance is a result of the continued dedication of our many talented colleagues to whom we owe both our gratitude and our ability to look to the future with great confidence.”
Carey Group grew from a humble operation started by brothers John, Tom and Pat Carey more than half a century ago to one of the largest, private, family-owned construction companies in the UK.
The company has added a range of specialist construction companies to its initial groundworks contracting model since then, and helped to construct some of the most recognisable and prestigious landmarks in the UK, including London’s Olympic Village, Bloomberg headquarters, 22 Bishopsgate, and V&A Dundee.

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