Lindum profit jumps 28% as turnover nears £200m

The regional contractor – the place 507 of its 633 workers maintain shares – mentioned its long-term dedication to worker possession and direct supply underpinned its monetary resilience and consumer satisfaction.

Within the yr to November, the group’s working revenue additionally climbed, with margins nudging up from 3.2% to three.7%, aided by robust performances throughout its Lincoln, York and Peterborough development divisions.

Lindum’s mannequin sees income reinvested within the enterprise and shared with its workforce.

Development contracting introduced in £172m, supported by work in key sectors like training, healthcare, industrial, retail and social housing. Direct labour was used wherever doable, serving to hold tasks on time and to price range.

In housing, Lindum Properties delivered secure returns regardless of difficult market situations, with continued progress at its Washingborough, Welton and new Waddington (Heath View) websites.

The JV arm was buoyed by the delayed completion and sale of a B&M retailer in Mablethorpe.

Lindum ended the yr debt-free, with elevated money at financial institution of £73m and a stronger steadiness sheet.

The group’s co-chairmen Freddie and Edward Chambers – of their first full yr following their father David’s retirement – mentioned the employee-owned construction was “elementary” to the enterprise and central to its long-term outlook.

Wanting forward, Lindum flagged a harder market and better competitors however mentioned its order e book, decentralised construction and engaged workforce left it properly positioned to push on in 2025.