Glencar soars past £400m turnover but cost rises erode profits

Industrial and logistics building specialist Glencar Construction maintained its blistering pace of growth since being founded in 2016 hiking revenue last year by 160% to £418m.
But profit margins took a big knock as they were impacted by price inflation and increased investment in the business.
This saw St Albans-based Glencar’s pre-tax profit slide to £800,000 in the year to September 2022 from £2.3m in the prior year.Managing director Eddie McGillycuddy said the firm h