Profits surge for Renaker Build
The high-rise residential specialist has reported that sales climbed to £280m and pre-tax profit to £9.7m in 2025.
In newly filed full year results covering the calendar year, Renaker Build – which delivers construction projects for Renaker itself and other parties – said that “the two markets in which we operate – Manchester and Salford – continue to demonstrate enviable performance within the UK despite national and global economic headwinds”.
Renaker said that 2025 saw the firm celebrate a record number of projects reach completion and handover, with 1,414 apartments, 576 student bedspaces and 806 co-living units delivered as planned and on programme.
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No new contract starts took place during 2025, but since the year’s end starts on site have been made at Parkside, Greengate and Plot 9B at First Street, the firm said.
Contributors to the contractor’s 2025 turnover stem partly from completions at T2 Union Living and House of Social, both for Vita, and at Greengate Bankside.
In addition, ongoing contract delivery took place at Vista River Gardens, One Port Street for Select (now completed), Renaker’s own Contour building and its Great Jackson Street neighbour the F1 plot – bought by L&GM Nest and PGGM last March – along with Trinity Heights, which topped out in January.
Turnover increased by 5.6% to £280m, and the net profit margin was 3.4% for the period. Gross profit went from £16.4m in 2024 to £21m in 2025, with pre-tax profit climbing from £6.3m to £9.7m.
The directors’ statement notes the resignation of Daren Whitaker, Renaker’s founder and long-term figurehead, in November last year, a time when Whitaker also stepped back from a number of other Renaker company directorships amid reports of a move to Monaco.
Finance director Andrew Floyd signed the directors’ report on behalf of the board.
