Red Construction Group announces ‘164% turnover rise’

By Catrin Jones12 January 2023

Red Construction Group has announced that the company has seen its revenue more than double in the last financial year, a 164% increase, facilitated by sustainable growth in regional and project diversification.

Aerial of construction site in Frankfurt, Germany - Europe (Photo: AdobeStock)

Rising from £24.58 million (€27.7 million) during 2020-2021 to £64.78 million (€72.9 million) during 2021-2022, Red Construction Group has maintained a pre-tax profit of 2.3%, £1.46 million (€1.6 million).

In the past financial year, Red Construction Group also announced a group restructuring to strengthen the businesses. Red Special Projects, the company’s newest operating division, was also announced this year, focused on delivering exceptional construction services on building projects.

Graham Sturge, CEO of Red Construction Group, commented, “We continue to build on our solid foundations and in line with our strategic growth plan, we have consolidated our position this year, with a secured order book for the year ending 2023, forecasting revenues of £70 million (€78 million).

“I am extremely proud of what RED Construction Group has achieved in the past 12 months, which wouldn’t have been possible without our outstanding team and partners.”

Delivered directly to your inbox, Construction Europe Newsletter features the pick of the breaking news stories, product launches, show reports and more from KHL's world-class editorial team.
More News from Construction Europe
Sir Robert McAlpine wins £1bn Sellafield nuclear construction framework spot
Sir Robert McAlpine has won a place on a £1 billion (€1.1 billion) framework as a delivery partner at the Sellafield nuclear site in West Cumbria, UK
Asbestos: a serious renovation headache for the European Union
FIEC examines the challenges of trying to moving towards an asbestos-free Europe
Nemetschek Group invests in robotic start-up
The company has participated in a financing round for Kewazo
Mike Hayes Editor, Construction Europe Tel: +44 (0)1892 786 231 E-mail:
Simon Kelly Sales Manager Tel: +44 (0) 1892 786 223 E-mail: