RED Construction Group has seen its revenue more than double in the last financial year thanks to regional growth and project diversification.
The contractor’s revenue rose from £24.58m in 2020-2021 to £64.78m during 2021-2022 – an increase of 164%. RED’s pre-tax profit was £1.46m.
Graham Sturge, CEO of RED Construction Group, said: “It has been a milestone year and a period of huge growth for RED Construction Group. We’ve increased the size of the business and built company longevity with the implementation of key regional operating divisions, while going back to our roots with the creation of the dedicated RED special projects team.
“We continue to build on our solid foundations and in line with our strategic growth plan, we have consolidated our position this year, with a secured order book for year ending 2023, forecasting revenues of £70m. At the heart of our strategy is the aim to be the contractor of choice in the commercial, residential, hotel and leisure markets, based on the company’s reputation being synonymous with effective delivery across new build and refurbishment projects in the UK.
“I am extremely proud of what RED Construction Group has achieved in the past 12 months, which wouldn’t have been possible without our outstanding team and partners.”
