McAleer & Rushe Contracts UK Ltd turned over 拢491.5m in the year to 31st December 2024, which was 13% higher than 2023's聽拢436.4m, and in line with directors鈥� expectations.
Operating profit increased by 52% to reach 拢13.2m (2023: 拢8.7m) while pre-tax profit was up 45% at 拢16.0m (2023: 拢11.0m).
Cash at bank and in hand grew from 拢53m to 拢71m over the course of the year.
Contracts completed by McAleer & Rushe in the year included the 36-storey Exchange Square apartment block in Birmingham, City Square House office building in Leeds, Maldron hotels in Liverpool and Manchester, student accommodation developments in Leeds and Nottingham and the 13-block New Acres residential scheme for Legal & General in Wandsworth, London.
A year ago, in the 2023 annual report, finance director Eamon Higgins wrote that 2025 turnover was expected to break the 拢500m mark. In the 2024 report he now says that turnover for 2025 is expected to reach 拢550m.
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