John F Hunt trading strong amid industry pressures
The Essex-headquartered demolition contractor has a significant amount of secured workload heading into 2025.
The Essex-headquartered demolition contractor has a significant amount of secured workload heading into 2025.
Global locations under CMT Group include in Europe, the Middle East and Africa, North and South America, and the Asia-Pacific region.
Market conditions remained “challenging” during the year as the predicted uptick in construction never materialised in its core markets.
Gross profit margins across the construction industry are tight, especially in 2025. I wanted to find out how much gross margins have changed with some the top contractors over a 10-year period.
This softening of construction activity coincides with a stark warning from the CIOB and BCIS’s updated construction forecast.
The sector has seen fluctuating insolvency figures since the pandemic, with more than 4,000 firms failing annually.
While the developer’s revenue increased, group operating profit fell 15.8%, with division decline in Homes partly offset by growth in Land.
Growth was driven by increased activity in aviation, the full Southern Renewals award for Network Rail, and major projects like HS2.
The LLP between Glasgow City Council and Wheatley Housing Group, City Building, posted a significant rebound in its latest financial results.
“We have delivered strong growth and cash generation, alongside a strategic focus on de-risking our portfolio,” – Paul Teasdale, CFO.