Speller Metcalfe posts record £5m profit as cash pile hits £32m

Aaron Morby 36 minutes ago
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Midlands contractor Speller Metcalfe has delivered its most profitable year on record after driving margins higher and building its cash reserves despite broadly flat revenue.

Second generation joint MD's James and Ade Speller distribute 20% of profits with staff
Second generation joint MD's James and Ade Speller distribute 20% of profits with staff

Pre-tax profit surged 48% to £5m for the year to 31 March 2026 as turnover dipped slightly to £159m from £162m.

The improved performance lifted pre-tax margins from 2.1% to 3.15%.

The contractor also boosted average cash balances by more than a third to £32m, leaving it well placed to invest in the business and pursue further growth.

The results mark a second successive year of record profitability for the family-owned contractor, which said its strategy remains focused on improving quality of earnings rather than chasing turnover.

The business has also secured 98% of its budgeted workload for the next 12 months through signed contracts or pre-construction services agreements, providing strong visibility over future trading.

Managing director James Speller said: “Our strong financial performance has enabled the company to share its success directly with all of our employees through an additional profit-related distribution equivalent to 20% of annual profits.”

He added that clients increasingly wanted contractors combining the responsiveness of regional builders with the governance and delivery capability traditionally associated with Tier One firms.

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