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The Seddon family-owned specialist reported revenue down 13% to \u00a3167m for the year to December 2025 from \u00a3192m previously.<\/p>\n
Pre-tax profit also slipped to \u00a32.6m from \u00a33.4m, while operating profit fell to \u00a32.5m from \u00a33.2m.<\/p>\n
Chairwoman Michelle Owen said: \u201cIt\u2019s been a demanding year, and despite challenging market conditions and a lower turnover than 2024, we met our budgeted profit target for the second consecutive year.<\/p>\n
\u201cThis year we delivered more balanced profit contributions across the business. We have expanded into new sectors, and improved contract delivery and supply chains.\u201d<\/p>\n
The business, which employs just over 700 staff, remained debt-free at year-end with cash of \u00a311m and net assets up slightly to \u00a319.2m.<\/p>\n
Novus said its housing maintenance arm is benefiting from rising social housing spend on fire remediation, building safety, investment works and energy efficiency upgrades.<\/p>\n
The public services and commercial division also delivered well, with its fast-track fit-out team completing a high number of room-by-room programmes.<\/p>\n
The company said it had already secured \u00a3170m of work for 2026, representing 90% of budgeted turnover.<\/p>\n
Novus added that its five-year plan is focused on profitable growth, higher-margin workstreams, wider sector spread and reducing reliance on key clients.<\/p>\n<\/p><\/div>\n