The housing sector services specialist said group profit before tax for the first half will come in “modestly ahead” of 2024, buoyed by growing demand for maintenance work and a full year of contract wins holding firm.
Revenue and adjusted pre-tax profit for the full year are now expected to hit at least £1bn and £54m, respectively – ahead of previous forecasts.
Growth has been led by its Maintenance arm, where tighter regulation is prompting more spend from social landlords. The division has also benefited from 100% contract retention over the past 12 months.
The group will publish interim results for the six months to 30 June in early August.
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