Speller Metcalfe posts record £5m profit as cash pile hits £32m

Midlands contractor Speller Metcalfe has delivered its most profitable year on record after driving margins higher and building its cash reserves despite broadly flat revenue.
Pre-tax profit surged 48% to £5m for the year to 31 March 2026 as turnover dipped slightly to £159m from £162m.
The improved performance lifted pre-tax margins from 2.1% to 3.15%.The contractor also boosted average cash balances by more than a third to £32m, leaving it well placed to invest in the b