Aim-listed Nexus Infrastructure has reported a sharp rise in revenue and a major jump in its order book as its turnaround strategy starts to take hold.
Revenue for the group, which includes housing groundworks contractor Tamdown and recently acquired water and rail civils specialist Coleman, climbed 16% to £66m in year to 30 September 2025.
Losses before tax are expected to narrow following tighter cost control and improved margins, helped by the first full-year contribution from Coleman.
In an end of year trading update, chief executive Charles Sweeney said the group was firmly back on a growth track.
“At the end of FY23, we set out our three strategic objectives to stabilise operations and to plot a new path for the group, re-introducing growth and begin the journey back to profitability.
“Since then, we have experienced some challenging market conditions, but we have grown, our margins have continued to improve, and our order book has significantly increased over that 24-month period from £46.0m to £51.5m and now to £83.4m.
“There is still some way to go, but we remain on track and look forward to the opportunities ahead.”
Cash ended the year at £10.9m, down from £12.8m after paying £4.1m for the Coleman acquisition, including loan settlements.
The Group also reduced its debtors and retentions.
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