John Sisk & Son returns to profit as UK investment pays off

Grant Prior 4 months ago
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John Sisk & Son Limited is back in the black as investment in the UK contracting business continues to pay-off.

Steven McGee, Chief Operating Officer of Sisk
Steven McGee, Chief Operating Officer of Sisk

Latest results for the UK operation of the Sisk Group show turnover for 2024 up to £625m from £475m generating a pre-tax profit of £6m compared to a loss of £9.7m last time.

The numbers reflect an enhanced performance across a number of key sectors including commercial, sports & leisure, residential, infrastructure, healthcare, and life sciences.

Sisk also recently agreed to acquire Farrans Construction, strengthening its capability in infrastructure delivery across the UK and Ireland.

Steven McGee, Chief Operating Officer of Sisk, said: “FY2024 was an improved year for us, following a challenging period marked by legacy projects. Over the past 24 months, we’ve strategically secured projects in key sectors we have been targeting, most notably in the commercial and healthcare spaces across central London.

“Our regional operations have also performed strongly where we have delivered a major life sciences project for Moderna in Oxfordshire, and we have won places on significant infrastructure frameworks.

“The formation of our newly consolidated Sisk Infrastructure business unit now gives us greater capacity to deliver for clients across critical sub-sectors, including transport, energy, marine, and aviation supported by our key services subsidiary businesses, Vision Built, Sisk Rail and Fuse Rail.

“We have invested in the UK business and implemented significant changes to position the business for long-term success and sustainable growth. Backed by a strong balance sheet and solid financial footing with zero debt, we are well-equipped to invest in our future and meet the evolving needs of our clients.”

Sisk said it has a very strong order book for 2025, with visibility to 2026 workload underlining continued confidence in future performance.

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