Construction firm tops £50m turnover as profits climb
Contractor Kori Construction has posted encouraging results for the 12 months to the end of March, the company has revealed.
The contractor, based in Corby, Northamptonshire, reported sales of £54.1m in 2024, up from £34.7m in the same period of the previous year.
Pre-tax profit climbed to £4m in the 12 months to March 31, up from £1.5m in the previous financial year.
The company also reported a 100% increase in net worth.
Jordan Connachie, managing director of Kori Construction, said: “Over the year, we have cemented ourselves as the leading main contractor of choice for purpose-built care homes in the UK, which is testament to the strong relationships we have built and maintained with our operator and developer clients, spanning from independent operators to blue chip businesses.
“As a result, the company has safely delivered five projects totalling 332 beds in the year, bringing the total number of completed beds to more than 1,000.
“With a further 10 projects under construction totalling 671 beds, the company continues to experience significant demand in the sector.
Connachie added future growth would continue to come from the care home sector, but also from the multiroom sector and retirement living projects which accounted for 35% of the company’s pre-construction opportunities over the financial year.
“With a large undersupply of beds predicted over the next ten years, alongside an ever growing aging population, we expect this demand to continue and our focus will remaining strongly on the sector,” he said.
“Alongside this, our success in the multiroom and retirement living sectors has also been a key component of our growth to date and will continue to drive profitable revenue growth for the business,” he said.
Connachie added the business was progressing well with its digital transformation journey that is delivering efficiencies and improving supplier experience.
He said: “To improve the commercial experience for our supply chain the business has invested heavily in digital transformation, implementation two commercially focused software solutions.
“Alongside the this, we have invested in our cyber security obtaining Cyber Security Essentials Plus certification.”
