A Scottish construction and manufacturing business founded in 1974 is enjoying robust margins and cash flow amid a “challenging” trading environment, thanks to ongoing work in the social housing sector.
Though revenue came down from £273 million last year to £213.7 million in the year to 31 March 2025, Glasgow-headquartered construction firm CCG (Scotland) delivered a healthy profit of £21 million, while increasing its operating profit margin to 9.67 per cent.
Bosses said despite soaring materials costs during the period, as well as ongoing skills shortages and fewer opportunities in core markets, the “encouraging” results were due to their taking a “proactive” approach to supply chain relationships, while bolstering other efficiencies within the business.
The group also continued to invest in its subsidiaries which specialise in offsite manufacturing and various construction specialisms.
Most of CCG’s turnover is from construction work in the social housing sector, as well as other markets such as education, healthcare and civic.
Looking to its balance sheet, net assets increased in the year to £89.5 million, compared to £85 million in the previous trading period, with an improved bank balance of £40.2 million.
During the year, ordinary interim dividends were paid in the amount of £14.9 million (FY2024: £8.7 million), though directors did not recommend a final dividend.
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“With the main turnover source of the company being the construction of social housing, we have fostered good relationships with the Scottish Government, our direct clients and the community groups within our area of operations,” bosses said.
They added: “The availability of staff continues to be a concern, although the group strategy of investment in the training and development in all staff has and will continue to minimize the effect to the company.
“The directors consider that the company has performed well in challenging market conditions.”
Founded in 1974, CCG Group has grown organically from humble beginnings as a small heating and plumbing contractor into a full-service construction and manufacturing group of eight subsidiary companies.
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