Dodd Group earnings and earnings wing

CN100 contractor Dodd Group has grown both turnover and earnings.

The Shropshire-based fully agency, which specialises in mechanical and electrical initiatives as neatly as repair and repairs of public sector buildings, grew to became over £206.7m for the 365 days to 31 March 2023.

This used to be up 23 per cent from the outdated year, whereas pre-tax earnings increased by more than two-thirds to £4.1m over the same period.

Administrators talked about the agency’s property providers division had increasingly picked up decarbonisation and retrofit works on “huge-scale renewables and building-fabric updates”.

This incorporated involvement with authorities net-zero programmes, they added.

Meanwhile, Dodd’s Building division persevered to fetch “sizeable initiatives producing both repeat industrial and priceless relationships with recent clients”.

The company persevered to work on lengthy-term affords to provide infrastructure providers to Ministry of Defence bases.

Despite the critical uplift in earnings, the agency renowned “piquant inflationary and provide points” that “eroded building margins on mounted-ticket contracts”.

Dodd Group entered the pinnacle-10 mechanical and electrical contractors in primarily the most up-to-date CN Consultants Index.

Founded in 1947, the corporate works during sectors including retail, residential and defence. It had a median of 977 staff in its past monetary year, up from 850 a year earlier.