The dad or mum corporate of contractor Novus Assets Answers has blamed a 12 consistent with cent dip in workforce earnings on its subsidiary’s efficiency.
Accounts for JSSH for the 12 months to 31 December 2025 stated the relief in turnover used to be because of “decrease spend from some housing and public products and services purchasers”.
On the other hand, it stated Novus had hit its benefit goal all over again.
The family-owned industry noticed its turnover fall from £195m to £171m, however its pre-tax benefit rose from £5m to £5.4m.
“Regardless of difficult marketplace stipulations and a decrease turnover than 2024, Novus met its budgeted benefit goal for the second one consecutive 12 months,” stated JSSH’s strategic file accompanying the accounts.
“Reinforced operational groups, advanced gross margins and enhanced control constructions have all contributed to this luck.”
The contracting industry used to be “maximum without delay” suffering from difficult marketplace stipulations, specifically salary inflation and abilities availability for retrofit and low-carbon tasks.
“In contrast backdrop, Novus endured to accomplish neatly, keeping up a selective method to bidding, operational supply and dealing capital control, which supported some other 12 months of resilient efficiency,” the file added.
JSSH’s pre-tax margin greater from 2.6 consistent with cent to a few.2 consistent with cent, its most powerful degree of profitability since 2019, when it posted a three.7 consistent with cent margin.
The file stated Novus’s fit-out and refurbishment arm “delivered neatly” after its fast-track fit-out workforce finished “a prime quantity” of room-by-room programmes.
It additionally said that Novus had secured paintings value £170m for 2026, which represents 90 consistent with cent of its budgeted turnover.
In March, Novus Assets Answers used to be some of the 5 companies to safe a spot at the £1bn Guinness Partnership upkeep framework. It used to be additionally integrated in 3 rather a lot of the £514m Regenda public housing framework.
JSSH is lately ranked 89th within the CN100 desk of the United Kingdom’s most sensible contractors.
The crowd had no exterior mortgage money owed or overdrafts, and held £13.1m in money on the finish of closing 12 months, down from £14.2m.
The crowd paid £2.7m in dividends, up from £1.7m.
The company’s salary invoice greater from £35.6m to £39.1m, with the common per thirty days headcount expanding by way of 9 to 725 workers.
