The firm predicted a positive year ahead after publishing results for 2022, which were adversely impacted by turmoil in the second half of last year.

Turnover remained stable at £404m but pre-tax profit fell back by around a fifth to £12m last year.

Finance director Eamon Higgins said McAleer & Rushe said revenue for 2023 was now projected to hit a record high of £425m this year after signing off a major job on London’s South Bank, with a number of sizeable residential contracts targeted for the months ahead.

Also at the start of May, McAleer & Rushe officially broke ground on the construction of a next-generation build-to-rent neighbourhood in Leith, Edinburgh.

McAleer & Rushe Property has also just gained planning with Vita group for 540-bed purpose-built student accommodation in Birmingham City Centre.

Over the year, cash slipped back to £45m, while the number of staff rose by 3.5% to 372 staff.