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Seddon Construction swings back into profit
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Construction Enquirer
Chief executive Jonathan Seddon said focus on housing maintenance and decarbonisation works is paying offThe construction arm of Bolton-based Seddon Group has bounced back into profit with a £2.3m pre-tax gain for 2024 after scraping just £0.2m the previous year.
The turnaround came despite construction turnover sliding 12% to £138m as delayed project starts and stricter job selection cut volumes.
But tighter governance and risk discipline helped restore construction operating margin to 1.5%, while group operating margin rose to 2.7% (2023: 1.9%).
At group level, pre-tax profit climbed a third to £6m on revenue of £144m (2023: £161m).
Chief executive Jonathan Seddon said the construction recovery was underpinned by picking the right jobs and growing shorter-cycle divisions like housing maintenance and decarbonisation, with over 70% of the 2025 order book already locked in.
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