Caddick Group, a distinguished family-run property and construction specialist based in Northern England, has recently announced a remarkable annual turnover of £606 million, coupled with a substantial gross profit of £70 million—an increase of 23%. This strong financial performance stems from the group’s strategic emphasis on developing and operating projects across various sectors, including purpose-built student accommodation (PBSA) and build-to-rent (BTR) schemes.
Paul Caddick, chairman of Caddick Group, expressed pride in the company’s achievements over the past financial year. He credited the results to the unwavering dedication and hard work of the staff, stating, “Our people are at the heart of everything we do.” This success not only reflects a robust business model but also highlights the importance of creating thriving communities through innovative housing solutions.
Among the key milestones for Caddick in the previous year was the establishment of a new headquarters for its construction division in Wakefield and the commencement of two major regeneration projects in Birmingham, reinforcing the company’s capacity for large-scale developments. Notably, the company’s developments team obtained planning consent from Leeds City Council for the ‘South Village’ project—a £1 billion initiative that aims to create 2,000 homes, 450 hotel beds, and 700,000 sq ft of commercial space in Leeds city centre.
Johnny Caddick, chief executive of Moda Living, part of the Caddick Group, reaffirmed the company’s commitment to inclusive and accessible housing solutions. “We’re excited to deliver BTR schemes that reflect our award-winning operations, enabling communities across the country to thrive,” he remarked.
The construction division has also shown commendable growth with a turnover increase to £356 million, driven by a strong pipeline of projects and expanding services, particularly in the Midlands—an emerging market for the company. Paul Dodsworth, managing director of the construction business, highlighted their commitment to delivering innovative and sustainable projects, underpinned by strong client relationships.
Myles Hartley, managing director of Caddick’s developments division and group lead for Environmental, Social, and Governance (ESG) initiatives, acknowledged the ongoing challenges in planning timeframes but expressed optimism about the resilience in key sectors, including residential and logistics. “Our close relationships with funders and occupiers are proving really valuable, helping us to remain flexible in an ever-evolving market,” he stated.
To further enhance its commitment to sustainability, the Caddick Group appointed Jessica Herman as group head of ESG and sustainability. She will lead the ‘Places for Life’ strategy, which prioritises community, environmental, and business considerations in all projects. This forward-thinking approach positions Caddick Group to not only capitalise on emerging market opportunities but also to elevate standards within the PBSA sector and beyond.