John Sisk & Son’s turnover has risen by a third to £624.9 million, marking a return to profitability, underpinned by improved performances and resilience across key sectors.
For the financial year ended 31 December 2024, the construction and engineering firm’s UK operations saw a 31.5 per cent rise in turnover, from £474.9 million in 2023 to £624.9 million.
Gross profit surged to £17.4 million, more than doubling the previous year’s figure of £6.7 million, while the gross profit margin improved from 1.4 per cent to 2.8 per cent.
The company reported a pre-tax profit of £5.9 million, reversing a £9.6 million loss in 2023, while its operating profit rose to £5.8 million, marking a notable turnaround from a £9.4 million loss the previous year.
The year’s recovery was said to be fuelled by an improved performance across sectors including commercial, residential, infrastructure, and healthcare.
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Part of the €2.5 billion Sisk Group, the formation of the Sisk Infrastructure unit also strengthened its capacity to deliver projects in transport, energy, and aviation, supported by its subsidiary businesses, Vision Built, Sisk Rail, and Fuse Rail.
Sisk also secured major contracts, including Greystar’s £181 million Bermondsey residential project, the £150 million York Central development, and Manchester City’s Etihad Stadium expansion.
The company’s upcoming acquisition of Farrans Construction will further expand its infrastructure capabilities across the UK and Ireland.
Sisk’s chief operating officer, Steven McGee, highlighted the company’s improved performance following a challenging previous period due to legacy projects and emphasised the business’s solid financial footing, with zero debt and a strong order book for 2025 and beyond.
“We have invested in the UK business and implemented significant changes to position the business for long-term success and sustainable growth,” he said.
“Backed by a strong balance sheet and solid financial footing with zero debt, we are well-equipped to invest in our future and meet the evolving needs of our clients.”
With a “strong order book” and clear visibility into 2026, Sisk is confident in its continued growth and future performance.
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