The contractor has posted a strong set of annual results and reported an encouraging start to this financial year.

But  Chief Executive Officer Graham Dundas said: “We remain far from complacent about the wider economic picture, including the risk of renewed inflation from geopolitical events.

“Across our industry, prices are coming under strain, and I’m conscious that our supply chain partners will be feeling rising costs most acutely.

“We are alive to the very real risks around cost inflation and supply chain resilience and need to continue and extend our close, collaborative partnerships.”

Results for the year to 31 December 2025 show turnover steady at £1.11bn from £1.16bn last time as pre-tax profits dipped to £31.8m from £46.8m although underlying profit before tax rose to £29.1m  from £28.6 m.

Dundas said: “2025 was a year of real momentum and a platform for future growth. Every part of the Group contributed materially to underlying profit and we have secured a £2.6 billion orderbook with a record £4.4 billion forward pipeline that we expect to convert into contract awards over the coming years.

“Our results reflect the discipline of our selective approach of focusing on projects where we bring the very best skills and expertise for the benefit of our customers.

“We intend to grow in a measured and calculated way, by deepening long-standing customer relationships, by building on strong framework positions and further extending our expertise in Passivhaus and net zero delivery.”