Tougher trading saw revenue also drop 16% to £119m (2023: £142m).

Directors Patrick Crowley and Barry Crowley predicted the firm would return to the black in 2025 with as more challenging legacy projects had now been completed.

The firm’s cash position remained solid at £6.5m with no bank debt, and no dividend was paid (2023: £1.18m).

Going forward, the firm has just picked up an order to design and build a 100-bed apartment hotel over seven storeys in Acton, West London.

The 83–85 Gunnersbury Lane project has planning approval for an immediate start.

Gavin O’ Flaherty, managing director at CField Construction, said “This is a major win for CField, not just for its opportunity, but because it sits outside the Building Safety Regulator approval process, allowing for greater flexibility and certainty in delivery.”