Gallagher Group outlook ‘optimistic’ as ‘go-to contractor’ delivers increased profits and cashflow

Though turnover for the year ended 30 September 2024 fell to £8.7 million from £10.7 million the year prior, pre-tax profit rose to more than £10.2 million, from £6.4 million achieved in FY2023.  

Gallagher Group said turnover was reduced due to a decrease in operating costs, so re-charges to Gallagher Group companies came down. The business declared operating profit for the year of £249,113, compared to £348,142 in the previous financial period.     

The group entered the 2025 financial year with a strong order book and a robust level of tenders, reporting in its most recent financial accounts: “We remain the go-to contractor in Kent and the Southeast due to our quality, service and technical abilities; overall we remain optimistic.”  

At the year end, the Aylesford-headquartered business had net assets of £3.1 million (FY2023: £3.1 million), with improved cash reserves of £1.5 million, compared to £966,897 in 2023.      

A dividend of £10 million was declared and paid to the parent company during the year (FY2023: £6.1 million), with a further £8.5 million paid in December 2024. 

Gallagher Group declared profit for the year of £9.9 million, compared to the previous trading period where it amassed an end-of-year result of £6.1 million. 

Pat Gallagher was born in Ballinamore, County Leitrim, Ireland, in 1949.  

In 1966, his parents moved the family to Aylesford in Kent looking for work.  

Gallagher bought his first JCB digger in 1973 using a £2,200 loan and the business was born.  

Shortly after, his wife Mary joined him to manage the accounts. 

The company has now been in business more than 50 years. 

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