Manchester high-rise specialist Renaker Build is forecasting another record-breaking year despite mounting labour pressures and ongoing economic uncertainty.
Confidence in the city’s booming residential market helped Renaker lift pre-tax profit by 27% to £6.3m for the year ending 31 October 2024, following a 16% rise in turnover to £265m – the highest in its history.
Operating margin remained steady at 2%, as increased labour costs offset last year’s gains from an e