Red Group’s tenth year: growth, margins and pipeline insights for project teams
Reviewed by Joe Ashwell

First reported on The Construction Index
30 Second Briefing
Red Group marked its tenth year with turnover up 11% to £190m for the year to March 2026, targeting margins of 3% and completing schemes including the 40 Broadway project in 2025. The contractor invested £1.5m in a post-year-end reorganisation in April 2026 to support diversification, with revenue expected to grow by more than 10% again in the current financial year. An expanded 2026/27 order book is pushing the firm further into the UK top-100 contractors and is intended to underpin margin and revenue growth into 2027/28.
Technical Brief
- CEO Graham Sturge links future workload mix explicitly to diversification across multiple regional and sector specialisms.
- Each business unit is required to operate profitably, forming a portfolio approach to risk and cashflow.
- A five-year plan is in place, using controlled growth and selective bidding to manage exposure.
- Order book for 2026/27 is already aligned to targeted revenue and margin uplift objectives.
- Focus on “targeting the right opportunities” suggests tighter project selection around programme, complexity and client risk.
Our Take
RED Group’s role on LS Estates’ 5 Chancery Lane and the £34m Portwall Place scheme suggests its turnover growth is underpinned by repeat developer clients in London and the South West, which typically gives contractors more pricing power to defend 3% margins in a softening market.
Prepared by collating external sources, AI-assisted tools, and Geomechanics.io’s proprietary mining database, then reviewed for technical accuracy & edited by our geotechnical team.
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