Mace Chairman Mark Reynolds Receives CBE: A Game Changer for Builders

Deeley Group's Remarkable Milestone: From Loss to £100m Profit Projection

Update Family Business Thrives: Deeley Group's Resurgence In the competitive arena of construction and property development, the Deeley Group, a family-owned firm based in Coventry, has successfully turned around its fortunes as it celebrates its 90th year. After facing a financial loss of £500,000, the company has not just returned to profitability but has made significant strides, achieving a £2 million pre-tax profit in the most recent fiscal year. This impressive rebound is mirrored by a remarkable 24% rise in revenue, which reached £67 million for the year ending in April 2025. The Growth Behind the Numbers: Later Living and Care Markets A significant factor in Deeley's successful revival has been its strong focus on the later living and care sectors. The firm has delivered an impressive 554 extra-care flats and 183 care beds within just twelve months, with an astonishing 94% of this work stemming from repeat clients. Noteworthy projects include a £36.9 million retirement community for Anchor in Sutton Coldfield and a £10.6 million co-housing project for Housing 21 in Birmingham. Such ongoing demand highlights the firm’s ability to forge robust partnerships and adapt to market needs effectively. Operational Efficiency: The Lean Approach Joint managing director Eleanor Deeley emphasizes that the firm’s operational adjustments, including the adoption of LEAN construction principles and the implementation of Procore, have been vital in boosting efficiency. These strategies have not only improved the company’s project delivery capability but also enabled better communication and collaboration across construction sites. The introduction of modern technologies underscores Deeley’s commitment to evolving business practices, ensuring they remain competitive in a rapidly changing industry. Future Outlook: Ambitious Plans for Continued Growth With a strong pipeline of projects across later living, commercial, and residential markets, Deeley forecasts revenue to exceed £100 million in the coming financial year. The firm is pushing forward with numerous initiatives, including a 500,000 square foot manufacturing and logistics scheme near Gaydon, which promises to further solidify its position in the market. Moreover, ongoing housing projects are currently progressing through planning phases after facing delays, adding to the anticipation of a bustling future. Capital Reserves and Financial Stability Deeley Group has also showcased prudent financial management, with cash reserves increasing to £16.5 million and funding lines with HSBC renewed for another five years. This financial cushion not only supports their operational activities but also gives them the leeway to explore innovative projects that align with their growth strategy while maintaining stability in a sometimes unpredictable market. Conclusion: A Legacy of Resilience and Innovation The journey of the Deeley Group exemplifies resilience and innovative thinking in business. As they transition into their tenth decade, their strategic focus on essential services like later living and efficient operational practices shows a clear path towards achieving their ambitious goals. The company's strong historical ties to the Midlands community, coupled with a focus on nurturing lasting client relationships, sets a solid foundation for future achievements. Builders and contractors within the industry can draw inspiration from Deeley’s journey as a model of growth-driven success. As the Deeley Group looks ahead, it is not just about numbers; it’s about forging a legacy of quality and trust in construction that spans generations. If you’re part of the construction industry, there’s much to learn from their approach—focusing on client relationships, operational efficiency, and adaptability is key to thriving in this ever-evolving sector.