{"id":7376,"date":"2025-08-26T03:46:30","date_gmt":"2025-08-26T03:46:30","guid":{"rendered":"https:\/\/cita.co.uk\/news\/?p=7376"},"modified":"2025-08-26T03:46:30","modified_gmt":"2025-08-26T03:46:30","slug":"mj-evans-lifts-profits-as-eastward-regional-push-pays-off","status":"publish","type":"post","link":"https:\/\/cita.co.uk\/news\/mj-evans-lifts-profits-as-eastward-regional-push-pays-off\/","title":{"rendered":"M&J Evans lifts profits as eastward regional push pays off"},"content":{"rendered":"

Groundworks specialist M&J Evans has lifted pre-tax profit 67% despite a dip in turnover as its regional expansion strategy starts to deliver results.<\/p>\n

The Midlands-based housing specialist posted pre-tax profit of \u00a33.8m for the year to December 2024, up from \u00a32.2m, while turnover edged down 3% to \u00a3323m.<\/p>\n

Operating profit rose 31% to \u00a35.1m as tight cost control offset softer volumes across the housing sector.<\/p>\n

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The group\u2019s order book climbed 13% to \u00a3504m, supported by stronger tender conversion rates of 25.3%. Net assets were up to \u00a352.3m and cash rose to \u00a325.2m after a refinancing added \u00a39m in extra liquidity and pushed out debt maturities by four years.<\/p>\n

The launch of an Eastern Counties region was described as a \u201cparticular success\u201d, contributing \u00a317.8m of orders in its first year and set to hit \u00a320m turnover in its first full year of trading.<\/p>\n

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Chief executive Chris Southgate said: \u201cDespite ongoing challenges in the UK housing market, FY24 was a year of strong financial and operational progress for M&J Evans, backed by tight cost control.<\/p>\n

\u201cThe launch of our Eastern Counties region has been a particular success, contributing meaningfully to our order book in its first year and validating our focus on driving regional growth. “<\/p>\n

Looking ahead, Evans expects stabilising interest rates, reinstated government housing targets and improving sales by house builders to translate into higher site activity in 2025.<\/p>\n

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from Construction Enquirer https:\/\/ift.tt\/bneJLSq<\/p>\n","protected":false},"excerpt":{"rendered":"

Groundworks specialist M&J Evans has lifted pre-tax profit 67% despite a dip in turnover as its regional expansion strategy starts to deliver results. The Midlands-based housing specialist posted pre-tax profit of \u00a33.8m for the year to December 2024, up from \u00a32.2m, while turnover edged down 3% to \u00a3323m. Operating profit rose 31% to \u00a35.1m as […]<\/p>\n","protected":false},"author":1,"featured_media":156,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[9],"class_list":["post-7376","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-construction-enquirer"],"_links":{"self":[{"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/posts\/7376","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/comments?post=7376"}],"version-history":[{"count":1,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/posts\/7376\/revisions"}],"predecessor-version":[{"id":7377,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/posts\/7376\/revisions\/7377"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/media\/148"}],"wp:attachment":[{"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/media?parent=7376"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/categories?post=7376"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/tags?post=7376"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}