What is the story about?
What's Happening?
Clegg Holdings, comprising Clegg Construction and Clegg Food Projects, reported a turnover of £162.4 million for the year ending December 31, 2024, up from £159.3 million. The increase is attributed to the completion of its largest projects ever, including an 11-storey student accommodation site and 185 build-to-rent apartments in Leeds. The company achieved a pre-tax profit of £572,000, with a slight increase in pre-tax margin and return on capital employed. Clegg Holdings aims to reach a £200 million turnover by 2026 and has secured over 60% of its anticipated revenue for next year.
Why It's Important?
Clegg Holdings' financial growth reflects the successful completion of major construction projects, which have contributed to increased turnover and profitability. The company's strategic focus on large-scale projects and diverse sectors, including residential and commercial developments, provides resilience and opportunities for expansion. The appointment of Christian White as preconstruction director is expected to enhance involvement in public sector frameworks, potentially driving further growth. Clegg Holdings' ability to secure a significant portion of its future revenue positions it well for continued success and market leadership.
What's Next?
Clegg Holdings plans to continue its focus on large-scale construction projects and expand its involvement in public sector frameworks. The company aims to achieve a record turnover of £100 million for 2025 and reach £200 million by 2026. Clegg Holdings will leverage its expertise in diverse sectors to secure new contracts and enhance its market presence. The company will also focus on maintaining strong client relationships and exploring new growth channels to support its ambitious revenue targets.
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