Andrew Scott Ltd, a 155-year-old family-owned construction contractor based in south Wales, saw its gross profit margin increase from 14.4% to 18.3% last year.
In the year ended 30th June 2025, Andrew Scott increased its pre-tax profit to 拢7.0m, up from 拢5.2m in 2024. Gross profit increased from 拢12.1m to 拢14.6m.
Turnover decreased slightly, from 拢84.0m to 拢79.6m, due to the gestation of orders and two-stage tender outcomes to in 2024, the company said. However, this means a surge in turnover is forecast for the next financial year to 拢120m and a secured order book of 拢250m resulting in a healthy carry over into the next financial year of 拢130m.
Improved trading has resulted in cash in bank position increasing to 拢15.15m, up from 拢10.34 in 2024, despite the company spending more than 拢2.5m 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 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 other two-stage tenders coming to fruition.
Managing director Mark Bowen said: 鈥淭he company鈥檚 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.鈥�
Andrew Scott Ltd is a family-run construction and civil engineering company established in 1870. Originally founded in Rutherglen, near Glasgow, the company expanded into South Wales, setting roots at the dockside in Port Talbot. Early work included significant projects for the original Port Talbot Steel Company, marking the beginning of a long-standing presence in the region. The company is now in the final year of a five-year strategy plan and is on target to exceed revenue and profit targets.
Chairman Andrew Hopp茅 said: 鈥淚 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.鈥�