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<\/a><\/div>\n<\/div>\nAdam Quinn, Chief Executive, HG Construction,said: \u201cThe construction sector faced a year of change in 2024, as the introduction of major regulatory reforms created new challenges across the industry.<\/p>\n
“We viewed this evolving environment as the ideal opportunity to strengthen our internal foundations to ensure that the business is well-positioned for sustainable delivery and continued excellence in project execution.<\/p>\n
\u201cAs such 2024 was a pivotal year for HG as we transitioned into a new phase of our strategic business plan, and our revised strategy is already delivering results. We are pleased to report a solid turnover of \u00a3387 million and a marked 30% increase in gross profit margin compared to 2023.<\/p>\n
\u201cI am incredibly proud of the results we have posted, and I would like to recognise our exceptional teams for their continued hard work and commitment. With a robust financial position and a healthy pipeline, 2025 promises to be another successful year for the business as we continue to work collaboratively with our valued client base on landmark projects throughout the UK.\u201d<\/p>\n
HG was formed in 2000 following a management buyout of Hunting Gate, a Hitchin based contracting firm with a turnover of \u00a327m at the time.<\/p>\n
It delivers large scale, complex schemes across the UK, specialising in the student accommodation, residential, hotels, commercial and later living sectors.<\/p>\n
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