Oliver Connell lifts turnover to £155m on bigger project strategy

Oliver Connell grew turnover to £155m for the year to 30 June 2026, up from £150m the previous year, while pre-tax profit rose to £23.4m from £22.6m. The RC frame and groundworks specialist filed the results at Companies House, and the numbers back up a deliberate shift in how it does business: fewer, larger, longer contracts.

The directors said the company "maintained a consistent level of profitability during the year" in what they described as "challenging market conditions". The board has kept bidding only on work that fits what the firm can actually deliver.

Why bigger jobs are working

The directors were blunt about the cause of the improvement. "Focusing on larger, longer-term contracts has also led to improved productivity and operational efficiency across the company's operating regions," they said in their statement.

That's a strategy many contractors talk about and few execute. Oliver Connell has paired it with a clean balance sheet. The company has no bank debts, holds £40.8m in cash, and reports net assets of £44.6m.

What does 2027 look like?

The practical question for any contractor reading these results: what's already in the bag? Oliver Connell has an answer. The directors confirmed the company has "£150m of secured contracted revenue to deliver from existing projects" heading into 2027 — essentially matching this year's entire turnover — and it "continues to review a range of additional opportunities across its core sectors".

Those core sectors are Construction, Infrastructure and Aviation. The board said it "remains focused on maintaining a balanced and disciplined approach to growth, prioritising long-term relationships with clients, careful project selection and sustainable delivery".

The tender strategy hasn't changed either. The directors said the board has "continued to pursue tender opportunities that align with the company's operational capabilities and financial objectives, an approach which remains particularly important given the challenging market conditions".

For a specialist contractor to hold margins steady, bank a year's worth of revenue in advance, and carry zero bank debt into 2027 is the kind of position most of the sector would envy right now.