Aberdeenshire house-building and construction firm Bancon Group has filed accounts for the year to 31st March 2025 showing pre-tax profits of 拢2.6m, up from 拢1.3m the previous year, and turnover up by 13% to 拢110.7m (2014: 拢97.7m).
Founded in Banchory in 1975 and celebrating its 50th anniversary this year, Bancon Group directly employs around 250 people across its three trading divisions: Bancon Homes, Bancon Construction and Deeside Timberframe.
Bancon Homes saw a 38% increase in the number of private homes sold which drove a 22% increase in turnover in this business.
The business reported that 鈥渨hile the impact of uncertainty around geopolitical events and UK policy announcements had an impact on purchaser appetite post-Christmas, visitor levels and sales have recovered since that point and this momentum has been maintained into the new financial year鈥�.
Deeside Timberframe鈥檚 turnover increased by 23% on the previous year. A continued focus on efficiency along with relative stability in raw material prices allowed margins to be maintained.聽
Bancon Construction saw turnover dip by 9% but it manged to post its highest pre-tax profit since 2007.
Chief financial officer Andrew Tweedie said: 鈥淚t is extremely satisfying to be able to report a significant uplift in profits in the year to March 2025. These accounts build on the strong results we achieved last year, despite the range of pressures being faced by the industry.
鈥淲hilst there has been some easing of the headwinds in certain areas, our sector continues to face challenging conditions which makes our performance over this period all the more notable. Our results are testament to the success of the strategies in place across the group and the dedication and talents of the people involved in delivering them.
鈥淲e are targeting further profit growth in the current financial year and have made a positive start, with strong sales across both our homes and timberframe businesses as well as a significant contract win in our retrofit construction business.鈥�
Work has also started on Bancon鈥檚 latest private housing development, Valley View at Milltimber in Aberdeen. The new estate of four and five-bedroom homes on North Deeside Road is due to launch to buyers later this year.
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