17-06-2024 08:30 via constructionenquirer.com

Employee-owned Neilcott staff share £250,000 payout

Orpington-based regional contractor Neilcott Construction paid out another £250,000 to staff last year as part of its commitment to employee ownership.
The windfall came as the south east contractor lifted revenue by 38% to a record £139m in the year to December 2023.
The latest payout means eligible staff have received nearly £600,000 since the firm switched to employee-ownership in March 2021.
Operating profit remained stable at around £3.5m, but down on the pre-pandemi
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