The firm this morning said that since its half year trading statement this summer, it now anticipates 2025 will be ‘significantly ahead of its previous expectations’.

The fit-out division has outperformed across trading and delivery, pushing its order book up to £1.6bn at the end of August – 8% higher than both the half-year and the end of 2024.

Around £900m of that is already secured for 2026 and beyond, underlining momentum into next year.

The wider group’s secured workload also rose to £12.2bn, 7% up on last year’s position, while daily average net cash for the year is now expected to come in above £350m, beating earlier guidance of £330m.

Partnership Housing profits are tracking in line with expectations, bolstered by long-term regeneration schemes including 3,500 homes at Druids Heath in Birmingham and 2,500 in Cardiff and Vale of Glamorgan.

Mixed use partnerships remains a drag on results as second-half operating losses are expected to nearly double the £1.5m posted in the first half, reflecting heavy investment in schemes still to reach site.

Construction and Infrastructure divisions are on track to hit targets with solid order book growth, while property services continues to deliver a modest profit.