Cardo Group keeps growing turnover and profit

Newest numbers for the 12 months to twenty-eight February 2025 present turnover growing to £145.2m from £83.6m final time as pre-tax income jumped to £5m from £1.1m.

The robust monetary efficiency got here regardless of absorbing one-off prices related to a string of acquisitions, integration and investing in its techniques.

Throughout the monetary 12 months, acquisitions of A & N Lewis and Tim O’Brien in Wales, and Heatcare Oil & Gasoline and Rogers & Johnston in Scotland have been accomplished.

Based in 2012 by CEO Liam Bevan, private-equity backed Cardo originated as LCB Group in South Wales and has since grown into a number one supplier of housing and public-sector constructing providers throughout the UK and Eire.

Bevan mentioned: “This has been one other 12 months of robust efficiency, supported by the dedication of our groups and the belief our shoppers and residents place in us to ship dependable, high-quality providers throughout each neighborhood we serve.

“We proceed to increase our footprint and capabilities throughout the UK and Eire, reinforcing our place as a trusted accomplice.

“We’ve got invested considerably in techniques and integration to assist scalable, sustainable progress. Regardless of these investments, our monetary efficiency stays robust and aligned with our long-term technique.”

For the reason that monetary year-end, Cardo has accomplished three additional acquisitions:

• April 2025: Acquisition of Breyer Group’s roofing division through an asset buy settlement, alongside assuming accountability for responsive repairs and upkeep providers on behalf of the Royal Borough of Kingston upon Thames.
• June 2025: Acquisition of SERS Vitality Options, a longtime energy-efficiency contractor with greater than 30 years’ expertise supporting native authorities and housing suppliers.
• September 2025: Acquisition of CTS, establishing operations in Northern Eire and the Republic of Eire. CTS delivers upkeep providers to over 65,000 properties.