The family-owned builder posted another solid performance for the year to March 2025, keeping profits steady at just over £1m as revenue edged up to £112m from £108m.

Chief executive Tom Wakeford said the results marked a platform for stronger growth following last month’s demerger, which formally separated Stepnell’s construction arm from the wider property business.

He said: “2024/25 has been an opportunity to build on our strong reputation and solid foundations, which provide an exciting opportunity for growth. With the demerger completed, positive framework renewals, a significantly improved cash position and a strong pipeline of work, the business is well positioned for the coming years.”

Stepnell has now chalked up five straight years of profit and enters 2026 with 96% of its forecast turnover already secured.

Wakeford added: “We are ambitious and are currently focusing on setting longer-term plans for the business. The organisation is in a strong position heading into 2026.”

The contractor said its growth strategy is being fuelled by repeat clients, framework wins and regional expansion, including the opening of a new Liverpool base.

Investment in directly owned plant has also helped trim operating costs, while tighter governance and faster final-account settlements have strengthened cash reserves.