Latest results for parent company Durkan Holdings Limited for the year ended 30 November 2025 show an increase in operating profit to £6.2m on a turnover of £142m.

But £18.6m of exceptional costs for fire remediation claims arising from legacy developments under the Building Safety Act saw Durkan make an overall net loss of £11.2m.

The group reported a strong balance sheet, with net assets of £33.9m and a cash balance of £36.5m at 30 November 2025.

Ronan Murphy, Group CEO at Durkan Group, said: “We are proud to report an increase in operating profit over the last financial year, reflecting the continued improvement in the underlying health and performance of the business.

“Despite challenging industry conditions, the Group has performed well and delivered strong trading results.

“These results are before exceptional fire safety costs relating to projects delivered by the Group several years ago and, in some cases, decades ago, following the extension of the defects period under the Building Safety Act.

“Delays and uncertainty in the application of the regulatory regime, amongst other things, have significantly increased the cost of remediating fire safety issues, and the additional provisions made reflect these costs.

“We continue to work collaboratively to resolve claims, undertake remedial works, and ensure that our obligations under the Building Safety Act are met in a fair, proportionate and professional manner.”