In the year to 30th November 2024 Durkan Ltd made a pre-tax loss of 拢8.3m on turnover down 19% at 拢138.0m (2023: 拢170.5m).
This follows pre-tax losses of 4.6m and 拢12.4m in 2023 and 2022.
However, it was at least 鈥減leasing to report鈥�, said finance director Ian McArdle that this year鈥檚 accounts show 聽a small operating profit, excluding exceptionals, of 拢100,000 (2023: 拢3.8m loss).
Exception items included 拢14.9m of fire safety remediation costs, partially offset by 拢6.3m recouped from insurance.
Durkan Limited includes both Durkan Regen, the recently rebranded refurbishment division, and the contracting division for the Durkan Group, but not Durkan Homes.
Durkan Ltd was previously the main contractor for the Durkan Homes business but Durkan Homes now contracts its own subcontractors, allowing Durkan Ltd to focus on projects under the Durkan Regen banner. 聽This explains the fall in turnover last year.
Durkan鈥檚 contracting business completed three developments during the year and carried two live projects into 2025, including Kidbrooke Park Phase 2 in London, which will deliver 330 affordable homes for the Royal Borough of Greenwich and is set to complete in 2026.
Parent company Durkan Holdings made a pre-tax loss of 拢7.5m in the year to 30th November 2024 (2023: 拢3.9m loss) on turnover of 拢191.9m (2023: 拢171.9m). Durkan Homes turned over 拢72.0m (2023: 拢50.8m) from the sale of 145 new homes across four developments
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