Kori Construction has reported its strongest-ever financial results, underpinned by “rapid growth” in the later living sector and positioning the business for expansion into other core markets.
For the year ended 31 March 2025, Kori Construction saw revenue rise 29 per cent when compared to the previous year, to £69.9 million, generating a pre-tax profit of £5 million, up 25 per cent on FY2024.
The results mark the third consecutive year of double-digit growth for the Corby-headquartered main contractor, which operates primarily within the purpose-built care and retirement living sector, as well as on multi-room and life science developments.
“Our continued success in a challenging market reflects disciplined growth, rigorous commercial governance, and a deep understanding of the later living sector,” said Jordan Connachie, managing director of Kori Construction.
“This year’s results demonstrate the strength of our operating model and the commitment of our people, clients, and supply chain.”
In addition to a surge in revenue and profit, the company balance sheet saw a 39 per cent increase in cash at the bank, to £18.48 million, with net asset value also up, by 78 per cent, to £7.35 million, and no external borrowing.
During the past 12 months the company delivered 529 new beds, bringing total completions to more than 1,500 to date, with 12 additional projects – totalling 785 beds – currently on site.
Kori entered the 2025/26 financial year with a forward order book value of £125 million and plans to deepen its presence in the life science and multi-room sectors.
Connachie added: “Kori’s strength lies in its people, partnerships, and purpose. Our results speak to the value of staying focused on what we do best – delivering high-quality projects in sectors where we can make the biggest impact.”
Kori was recently named in The Sunday Times Hundred 2025 and FT1000: Europe’s Fastest-Growing Companies.
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