Caledonian Modular hopes to return to profit next year

14th December, 2019

Latest accounts reveal the East Midlands offsite specialist, which delivered the Hinkley Point site worker village, suffered a £0.74m loss this year after falling £3.7m into the red in 2018.

The firm said it had a very strong order book and pipeline and was forecasting a return to the black in the year ending March 2020.

While revenue slipped by 5% to £50m, the decline was a reflection of the completion of a large order for the nuclear power station worker accommodation.

During the year over £1m was invested in recruitment of staff to service expected growth, significantly strengthening design and project management.

Caledonian Modular said it expected to undertake a substantial pipeline of schools work in the next two years after securing top place on Batch C and second on Batch C of the Department for Education and Schools modular construction framework.

Paul Lang, Chief Executive Officer of Caledonian Modular, said that this would add to a significant pipeline in student accommodation, flats, hotels and healthcare.
During the year Caledonian employed an average of 213 staff.

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