The Swansea-based family-run firm is upbeat on its trading outlook
Andrew Scott.(Image: )
Family-run construction and civil engineering firm Andrew Scott has reported a healthy rise in profits with revenues in its current financial year forecast to reach well in advance of £100m.
The Swansea-based firm said that in its last financial year to the end of June, 2025, its pre-tax profit rose from £5.2m in the previous year to £7m. Turnover decreased slightly due to the gestation of orders and two stage tender outcomes to £79.6m from £84m in 2024. With a current order book of £250m, turnover is forecast to swell to £120m in its current financial year and £130m in 2026-27..
Improved trading resulted in cash held in the bank increasing to £15.15m up from £10.34m in 2024 and despite the company spending over £2.5m on capital expenditure. The number of staff employed increased from 234 to 271, with an additional 500 employed within the local supply chain.
Major contract wins for Andrew Scott during its last year financial included Cardiff City Hall, the Grand Pavilion in Porthcawl, the Lower Swansea Valley Heritage project and two enabling work schemes for the new £1.2bn electric arc furnace for Tata Steel at its Port Talbot site, with many other two stage tenders coming to fruition.
Managing director Mark Bowen, said: “Our ability to maintain profitability in a difficult market demonstrates the strength of our business, the resilience of our staff and workforce and the quality of our project pipeline.
“By responding effectively to changing conditions, the strength afforded by our strategic approach and to carefully consider and the evaluate the deliverability of every tender and project, has enabled us to maintain a robust performance and secure a strong order book and healthy cash balance”.
Successes in 2025 included tender opportunities on all five Welsh frameworks including the NHS Building for Wales 2 framework. This was reinforced by inclusion on the National Grid framework for the next four years. The business is currently delivering a portfolio of projects across education, health, commercial, logistics, energy infrastructure and advanced manufacturing sectors. T
he company, which dates back to 1870, is in the final year of five year strategic plan and is on target to exceed its revenue and profit goals. It is now working on a new five year plan.
Chairman Andrew Hoppé said: “I am extremely pleased to report that the company has again delivered an exceptional set of financial results building on the strong performances from previous years. Despite the slight drop in turnover, the company has been able to place far greater emphasis on upfront investment in project planning, procurement, delivery and handover. This streamlining of processes and optimising efficiency has contributed to an uplift in margins and record results.
“We are proud that Andrew Scot is a fully accredited real living wage employer. We consider our very low staff turnover and direct workforce have again been a key driver in our success, together with the exceptional effort and resilience of all our employees.
“This firm foundation has given us positive momentum, with a record secured order book, several senior operational appointments, and a strong pipeline of new work, the company is well positioned to achieve sustainable profitable growth and look forward to the future with confidence.”
