OCU Crew has been rising through debt-funded acquisitions since its non-public fairness buyout 3 years in the past
Within the yr finishing 30th April 2025, OCU Crew earnings grew through 45% to £886m, a forty five% build up from the former yr, reflecting natural enlargement in addition to the have an effect on of strategic acquisitions
3 acquisitions have been made all the way through the yr: Northern Eire-based McCormack Drilling Restricted, procedure engineer Purestream Industries and Scottish civil engineering contractor RJ McLeod.
Working benefit greater than doubled to £28.1m (2024: £12.6m).
On the other hand, with £99m paid out in passion on borrowings and an identical expenses, the general end result used to be a pre-tax lack of £63.3m, additionally greater than double 2024’s results of a £30.9m loss.
Leader government Michael Hughes stated: “OCU Crew delivered persistently robust strategic and operational development this yr, underpinned through 3 acquisitions, natural contract wins and persevered funding in era and skill. Our assorted place throughout crucial UK infrastructure markets supplies a strong platform for sustained, long-term worth for purchasers and stakeholders.”
Leader monetary officer David Snowball added: “OCU Crew continues to ship robust, winning enlargement, reflecting very good development towards our strategic targets. With a cast capital construction and strong monetary footing, we’re smartly located to construct in this momentum into the long run.”
OCU used to be based through 1994 through brothers Tim and Tom O’Connor as O’Connor Utilities Crew. They bought it to non-public fairness company Triton Companions in August 2022.
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