OCU surges to £886m revenue as acquisitions spur growth

The Stockport-based group lifted income by 45% for the yr to 30 April 2025, helped by three new acquisitions that introduced in £301m of additional income.

Even stripping these out, the group nonetheless grew organically by 11% throughout its utilities and vitality divisions. Its fast enlargement noticed headcount swell to 1,980 employees, up from 1,113 final yr.

Pre-tax revenue jumped to £58m from £44m because the group pushed deeper into vitality transition initiatives and cleaned up legacy points in its energy and telecoms divisions.

Working margins nudged as much as over 12% buoyed by the acquisition of Scottish civils contractor R J McLeod, the exit of a loss-making energy contract and the easing of final yr’s fibre rollout slowdown.

Wins for group firms included the VMO2 fibre upkeep contract, Northern Powergrid’s framework, and main vitality transition packages delivered collectively by OCU Power and R J McLeod.

Michael Hughes chief government officer mentioned he noticed enormous long-term progress in vitality transition, digital connectivity and controlled utilities, with additional acquisitions firmly on the radar.

“Working in steady markets characterised by sturdy tailwinds and a dedicated spend profile has allowed us to focus on strategic progress areas.

“This operational stability allows us to put money into revolutionary applied sciences and practices that drive productiveness and effectivity throughout our operations.

“These investments are essential as they assist our steady enchancment and assist keep our aggressive edge in quickly evolving marketplaces.”

Consolidated accounts for the non-public fairness backed OCU predominant holding firm OAT Topco reported a £64m pre-tax loss (FY24: lack of £31m) after £65m of non-cash goodwill amortisation, internet finance prices of £69m (FY24: £44m) and distinctive objects of £29m (FY24: £4m).