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VolkerWessels UK has disclosed that it made a profit before tax of £48m in 2024 on turnover of £1.5bn, with growth across all areas of the business.

This compares to a pre-tax profit of £38.6m on £1.5bn turnover in 2023.

The EBT margin therefore improved from an already healthy (for the construction industry) 2.7% to 3.2% last year.

Ahead of filing the returns at Companies House, VolkerWessels UK chief executive Richard Offord said: “We are incredibly proud of the direction our business is heading in; despite the economic challenges we faced in recent years. Our strong performance is a testament to the outstanding work delivered by our teams across the group and our focus on selecting the right work for us and our supply chain.  We are pleased to see each of our business units contributing to our overall success.

“In 2024 typical infrastructure projects included, Heathrow Southern Runway resurfacing, Strategic Pipeline Alliance, Radlett Strategic Rail Freight Interchange, Tay Bridge re-waterproofing and extending our highways term maintenance contract with Bath and North East Sommerset council.

“Looking ahead, we remain focused on supporting the UK government’s infrastructure spending strategy and continuing to operate in critical infrastructure markets, including transport, water, and energy.

“We will continue to empower our highly skilled people to deliver sustainable and innovative engineering and construction solutions in a safe and secure way.”

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