{"id":8180,"date":"2025-10-01T15:46:56","date_gmt":"2025-10-01T15:46:56","guid":{"rendered":"https:\/\/cita.co.uk\/news\/?p=8180"},"modified":"2025-10-01T15:46:56","modified_gmt":"2025-10-01T15:46:56","slug":"profits-double-at-red-construction","status":"publish","type":"post","link":"https:\/\/cita.co.uk\/news\/profits-double-at-red-construction\/","title":{"rendered":"Profits double at Red Construction"},"content":{"rendered":"

Main contractor RED Construction Group has seen profits double on the back of a 50% increase in turnover.<\/p>\n

Latest results for the year to March 31 2025 show pre-tax profit rose to \u00a34m from \u00a32m on the back of turnover up to \u00a3170.8m from \u00a3114.8m.<\/p>\n

RED has recently restructured its leadership team with a target of hitting \u00a3200m in turnover this year as it expands into the East of England and the Midlands.<\/p>\n

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Continuing to lead strategy is CEO Graham Sturge, while Derek Quinn has become COO of the Group, with James Devey to take on his former position leading the South West division.<\/p>\n

Sam Hewitt moves to Group Commercial Director for the construction business allowing Jon Hayes to assume the wider Group\u2019s CCO role covering all subsidiaries.<\/p>\n

Sturges said: \u201cI\u2019m proud that we\u2019ve grown RED Construction Group into a settled and mature business, delivering year-on-year growth through a sustainable and controlled strategy.<\/p>\n

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“2024\/25 has been full of fantastic project completions and wins, our \u00a3170m turnover alongside increasing our cash reserves further confirms the stability and resilience we offer both clients and sub-contractors.\u201d<\/p>\n

\u201cFirmly established in London and the South West, we are now looking further afield into the East of England and the Midlands, organically expanding rather than chasing growth and taking undue risk.<\/p>\n

“Our focus for the coming year, as always, is to continue to support our supply chain partners, manage risk, and grow sustainably, whilst the strengthening of our leadership team will drive the Group\u2019s strategic and operational vision. Our 2024\/25 results are robust, and we forecast the next few years to be even stronger.”<\/p>\n

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from Construction Enquirer https:\/\/ift.tt\/t63Ohlj<\/p>\n","protected":false},"excerpt":{"rendered":"

Main contractor RED Construction Group has seen profits double on the back of a 50% increase in turnover. Latest results for the year to March 31 2025 show pre-tax profit rose to \u00a34m from \u00a32m on the back of turnover up to \u00a3170.8m from \u00a3114.8m. RED has recently restructured its leadership team with a target […]<\/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-8180","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\/8180","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=8180"}],"version-history":[{"count":1,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/posts\/8180\/revisions"}],"predecessor-version":[{"id":8181,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/posts\/8180\/revisions\/8181"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/media\/146"}],"wp:attachment":[{"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/media?parent=8180"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/categories?post=8180"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/tags?post=8180"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}