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Margins improve for Seddon
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All Construction News | Construction Index
Turnover fell to £144.4m (2023: £160.7m) in the year to December 2024 but profit before tax improved top £6.1m (2023: £4.6m).
Seddon Construction is the largest part of the group, generating revenue of £137.6m (2023: £157.0m) and making a pre-tax profit of £2.3m (2023: £200k).
Seddon Developments made a rofit of £600k in 2024, with £1.1m coming from property investments and £300k from the Circle Recycling subsidiary.
Despite the fall in turnover, the results for 2024 represent the continuation of a rebound that started in 2023.
In 2022 Seddon Construction had made a pre-tax loss of £15m, with the group down £13m.
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