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Within the yr to 31st July 2023 McLaren Construction generated revenues up 22% to £964m and made a pre-tax profit of £6.4m.
Over the last couple of years the commercial has been buoyed by strong performances within the commercial keep of abode of job, leisure, industrial & logistics, residential and information centre markets. In FY 2022 the corporate noticed 39% income instruct, up from £541m in 2021.
Critical projects closing yr incorporated ExCel London Convention centre, continuing work on developer Quintain’s Wembley Park perform-to-hire estate, the Salvation Military’s contemporary HQ, a contemporary F1 head keep of abode of job facility for Aston Martin and projects for developers along side British Land, Argent, Tishman Speyer, Aviva and Landsec.
Employee numbers rose by 140 to 900 in 2022/2023, and within the course of 2023 McLaren additionally relocated its head keep of abode of job to Canary Wharf, saving on keep of abode of job rental prices.
McLaren Construction Workforce chairman Kevin Taylor said: “Now we like had a actual yr, working successfully thru tough economic occasions. McLaren Construction is a highly consistent performer, trusted by our customers and our groups to ship throughout the brilliant combine of making sectors.
“Having essentially based McLaren Construction in 2001, I am proud that we are discontinuance to breaching the £1bn barrier, nonetheless quality of construction and sustainable profitability will in any respect times be the ultimate targets for myself and our govt crew.”
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