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The North East contractor has seen a substantial 80 per cent rise in profits, with a strong performance across contracting and development.

J Coffey Construction’s latest financial year shows strong financial management with increased cash reserves unimpeded by turnover shortfall.

The retail and commercial fit-out specialist, also active in distribution, residential, and education, maintained strong fundamentals.

Recent projects include work on the London skyscraper 22 Bishopsgate for Multiplex and the £1 billion AstraZeneca HQ in Cambridge for Mace.

Dundee-headquartered Kilmac says good flow of future work and assessment and review of costs will ensure its future prosperity.

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

The company successfully completed two construction projects during the financial period and secured several new major schemes.

Solid profit growth, robust cash reserves, and strategic project wins, counteract a 5 per cent decline in revenue for FY2025.

The company’s balance sheet also showed growth, with net assets of £141 million (FY2024: £129 million), and cash reserves of £92 million.

In October 2024, the John F Hunt Group, which operates across 21 divisions in the UK, transitioned to an Employee Ownership Trust (EOT).