Rise in bottom line comes despite fall in income 

Pre-tax profit at Careys was up more than a fifth last year, the firm鈥檚 latest report and accounts filed at Companies House show.

Profit at the building and civils specialist jumped 21% to 拢7.5m on turnover down 3% to 拢388m in the year to September 2024. Net cash at the year-end was flat at 拢24m.

The firm said its BDL drylining arm, which has worked on jobs for Mace at 81 Newgate Street, set to be the new St Paul鈥檚 headquarters of HSBC, and 76 Upper Ground, the former IBM building being revamped by Multiplex, had an order book of 拢50m.

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Careys saw profit rise at both its main business and parent company

Its bigger Careys arm, which includes its demolition, basement and substructure work, had orders worth over 拢350m going into the new financial year.

Meanwhile, in separate accounts published at Companies House, the firm鈥檚 parent Araglin Holdings had net cash of 拢43m, down from 拢48m last time, and net assets up 4% to 拢143m. Turnover was down 3% to 拢390m but pre-tax profit recovered from 拢657,000 to 拢6.5m.

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