The Coventry-based firm grew revenue 24% to £67m in the year to April 2025 to return from a £500,000 loss to make a £2m pre-tax profit, driven by a surge of work in the later living and care market.

Deeley has now delivered 554 extra-care flats and 183 care beds in 12 months, with 94 per cent of work coming from repeat clients. Headline schemes included a £36.9m retirement community for Anchor in Sutton Coldfield and a £10.6m co-housing project for Housing 21 in Birmingham.

Joint managing director Eleanor Deeley said the business is entering its tenth decade in a very strong position after tightening operations, embedding LEAN processes and rolling out Procore across sites to boost efficiency.

The group is also pushing ahead with commercial and residential projects across the Midlands.

These include a 500,000 sq ft manufacturing and logistics scheme near Gaydon and a series of housing plots currently working through planning after months of delays in the wider planning system.

Construction delivered above-target profitability despite turnover falling short of budget, while the group’s property arm completed a Royal Mail sorting office in Nuneaton, now retained as an investment asset.

Cash reserves jumped to £16.5m and HSBC renewed Deeley’s funding lines for another five years, giving the group headroom to invest in new development and working capital.

With 91 per cent of 2025/26 revenue already secured and strong demand in its core later living, commercial and residential markets, turnover is forecast to jump again in the next financial year.

Eleanor Deeley added: “We have taken on larger projects in the later living sector as part of our strategy to take the business to the next level.

“As we move into our tenth decade we have a strong pipeline across all of our key markets and we are forecasting revenues to push past £100m for the next financial year.”