Caddick's 2m sq ft Leeds neighbourhood has been renamed from City One to South Village. Credit: via Social

Caddick achieves record-breaking £606m turnover

15 April 2025 12:52 Sally Gibson Comments (0)

The Yorkshire-based construction and development company has seen its gross profit increase by 23% to £70m and net assets grow to £202m year-on-year in its latest financial year results, citing growth throughout the country for its success.

The family-run company consists of Caddick Construction, Caddick Developments, and Moda Living and operates in the BTR, PBSA, residential, and industrial and logistics sectors.

The company has put its growth down to strategic public and private partnerships across its projects, including Schneider Electric’s £42m facility in Scarborough.

Key milestones for the company this year also include gaining consent for the £1bn South Village in Leeds, a regeneration project that will deliver 2,000 homes and 700,000 sq ft of commercial space, as well as the opening of its new headquarters in Wakefield.

Caddick’s construction division has increased its turnover to £356m, which the company has attributed to its growing pipeline especially in the Midlands following the establishment of its Birmingham office.

Caddick also opened a North East office in Durham in March.

Paul Caddick, chairman at Caddick, said: “Our people are at the heart of everything we do, and these results are a testament to the collective effort across the business, underlining our purpose of creating thriving communities.”

Johnny Caddick, caddick group and chief executive of Moda Living, said: “We’ve had a very strong year across the Caddick group of businesses as we continue to expand our industry expertise and developments pipeline, while tapping into new living sectors.”

Myles Hartley, managing director of Caddick’s developments division, and group ESG lead, said: “Although planning timeframes remain challenging, we’re excited to be growing our strong pipeline of sites and continue to see resilience across our key sectors of residential and industrial and logistics.

“Our close relationships with funders and occupiers are proving really valuable, helping us stay flexible in an ever-changing market.”