The Seddon family-owned specialist reported revenue down 13% to £167m for the year to December 2025 from £192m previously.

Pre-tax profit also slipped to £2.6m from £3.4m, while operating profit fell to £2.5m from £3.2m.

Chairwoman Michelle Owen said: “It’s been a demanding year, and despite challenging market conditions and a lower turnover than 2024, we met our budgeted profit target for the second consecutive year.

“This year we delivered more balanced profit contributions across the business. We have expanded into new sectors, and improved contract delivery and supply chains.”

The business, which employs just over 700 staff, remained debt-free at year-end with cash of £11m and net assets up slightly to £19.2m.

Novus said its housing maintenance arm is benefiting from rising social housing spend on fire remediation, building safety, investment works and energy efficiency upgrades.

The public services and commercial division also delivered well, with its fast-track fit-out team completing a high number of room-by-room programmes.

The company said it had already secured £170m of work for 2026, representing 90% of budgeted turnover.

Novus added that its five-year plan is focused on profitable growth, higher-margin workstreams, wider sector spread and reducing reliance on key clients.