Financial Results - Y/E 30 June 2025

Another Year of Sustained Margins for one of Wales’ Oldest Construction Companies

In the year ended 30th June 2025, Andrew Scott Ltd increased its profit before tax to £7M up from £5.2m in 2024.

Turnover decreased slightly due to the gestation of orders and two stage tender outcomes to £79.6M from £84M in 2024. This, however, will mean a surge in turnover is forecast for the next financial year to £120M and a secured order book of £250M resulting in a healthy carry over into the next financial year of £130M.

Improved trading has resulted in cash in bank position increasing to £15.15M up from £10.34M in 2024 despite the company spending over £2.5 million on capital expenditure.

Directly Employed numbers increased from 234 to 271 during the year with an additional 500 employed within the local supply chain.

Major contract wins for Andrew Scott Ltd during the year included Cardiff City Hall, Porthcawl Pavillion, Lower Swansea Valley Heritage project and two enabling works projects for the new electric arc furnace for TATA in Port Talbot, with many other two stage tenders coming to fruition.

Mark Bowen, Managing Director said “the company’s ability to maintain profitability in a difficult market demonstrates the strength of our business, the resilience of our staff and workforce and the quality of our project pipeline. By responding effectively to changing conditions, the strength afforded by our strategic approach and to carefully consider and the evaluate the deliverability of every tender and project, has enabled us to maintain a robust performance and secure a strong order book and healthy cash balance”.

Success in 2025 included good tender opportunities on all five Welsh frameworks including the NHS Building for Wales2 framework, SEWSCAP and SWWRCF. This was reinforced by inclusion on the National Grid framework for the next four years. This affords visibility and stability in the order book for the foreseeable future.  Andrew Scott Ltd is currently delivering a portfolio of projects across education, health, commercial, logistics, energy infrastructure and advanced manufacturing sectors.

Andrew Scott Ltd is a family-run construction and civil engineering company established in 1870. It still retains an entrepreneurial spirit which has allowed it to be both agile and resilient throughout the challenges of the past five years. This has enabled Andrew Scott Ltd to deliver strong operational and financial performance, against challenging headwinds in the sector.

Andrew Scott Ltd design, build and conserve some of the Wales’s most iconic buildings and infrastructure and always put the local community at the heart of everything they do. The company is now in the final year of its five-year strategy plan, and are on target to exceed their revenue and profit goals. Andrew Scott Ltd will now commence their strategy and business planning to deliver a new enhanced five-year strategy.

Andrew Hoppé, Chairman, said, “I am extremely pleased to report that the company has again delivered an exceptional set of financial results building on the strong performances from previous years. Despite the slight drop in turnover, the company has been able to place far greater emphasis on upfront investment in project planning, procurement, delivery and handover. This streamlining of processes and optimising efficiency has contributed to an uplift in margins and record results. We are proud that Andrew Scott Ltd is a fully accredited real living wage employer. We consider our very low staff turnover and direct workforce have again been a key driver in our success, together with the exceptional effort and resilience of all our employees. This firm foundation has given us positive momentum, with a record secured order book, several senior operational appointments, and a strong pipeline of new work, the company is well positioned to achieve sustainable profitable growth and look forward to the future with confidence”.

Andrew Scott Ltd remains very optimistic, but cautious, and the board are monitoring the change in the geo-political landscape. It will be crucial for the new government to maintain a stable economic environment and invest in construction and infrastructure projects that will sustain positive growth within the sector.

Looking ahead, Andrew Scott Ltd anticipate further growth in 2026 through a prudent growth strategy, by securing sustainable revenue through careful tender selection plus continued focus on low-risk projects and contract terms with their strategic clients and frameworks