Accounts filed for 2022-2023

19 Dec 2023

JP Dunn Construction Ltd has filed accounts at Companies House for the financial year ending 30th September 2023. The company has emerged from a difficult period arising from the impact of Brexit, Covid, and war in Europe.

The key indicators are impressive. The company turnover was £43m – an increase of 23.5% on 2022 (£35m). Operating profit was at a healthy £2.4m (5.6% of turnover). This represents an increase of 89% on the prior year. The cash position improved radically to £7.1m (£2.2m in 2022) which equates to 53% of the net worth of the business. The cash flow of the business is £4.9m of which £3.2m was generated from operating activities. At the close of the year the Current Ratio (Current Assets/Current Liabilities) was a very healthy 3.05.

During the year the company delivered a series of challenging projects. High standards of safety, quality and programme were maintained. There have been delayed starts across a number of projects, but the overall pipeline for 23/24 is very healthy. Key clients we are working with on current and future projects are Regal, Osbornes, Kier, Morgan Sindall, Wates, Kingerlee, Knight Harwood, and Willmott Dixon.

The challenges of labour shortages remain, but the company has a well-established and loyal workforce. The company is working in close partnership with key suppliers to ensure that future bids are inflation-proofed.

The optimum delivery of plant is a key component of the company’s future success. Significant improvements have been made at the plant yard in Woking under the new leadership of Aaron Sergent. A quarter of a million pound investment in the infrastructure at the yard is underway which will help assist in this upward trajectory.

Categories: Miscellaneous