Latest results for the year to March 31 2023 show a turnover of £62.1m generating a pre-tax profit of £1m.

RED has already secured £100m in contracts across London and the South West for the current financial year while staff numbers have risen from 132 to just under 200.

Graham Sturge, CEO, RED Construction Group, said: “The focus of the last financial year was to stabilise the business, while investing in key areas that would enable us to grow in the future.

“I’m delighted to say we have achieved both and are already seeing the benefits of it.

“The past two years have been challenging, with a volatile construction market and many businesses suffering along the way. In spite of this, we laid the foundations for growth, have doubled our team size and are contracted on projects that will guarantee us a more than 60% revenue uplift.

“With a record year already on the horizon, we’ll continue to push what RED Construction has built its reputation on: creating long-lasting relationships, channelling real enthusiasm for the work, and delivering great schemes our people and our clients are proud of.”