Neilcott clears employee ownership debt after bumper year

Neilcott Construction has paid off the remaining loans tied to its move into employee ownership five years ago after pre-tax profit more than doubled.
The south east building contractor made just over £14m of payments last year to redeem its outstanding vendor loan notes, clearing the balance without turning to external finance.
Despite the outflow, Neilcott still closed 2025 with £22m cash in the bank.Pre-tax profit jumped to £14.7m from £7.1m as turnover rose 16% to a r