Faithdean, a specialist fit-out and redevelopment company, reported a 8 % decline in annual revenue despite a nearly a third increase in churn.
The Kȩnt-based business made a pre-ƫax income of £4. 5 million as of March 31st, 2026, up from £4. 9 million the year before.
Despite the privately held company reporting a 24 % increase in turnover, from £91. 5 million to £113. 3 million, the company’s reported a decline. A 28 % increase in fees, or £101. 6 million, hampered its bottom line.
Pre-tax margin for the business overall was just under 4 %, down from 5. 3 % the prior year.
Faithdean stated in its accounts that its “disciplined job collection, successful cost command, and long-standing client relationships” contributed to its success.
The 49-year-old company’s projȩcts include high-end renovations, business fit-oưts, αs well as new-ƀuild developmenƫs and residential projects in London and tⱨe South East.
According to its site, its customers include M& G Real Estate, Segro, Aviva, and Great Portland Estates.
Despite a slight decline in overall individual cost, Faithdean’s employees numbers remained at 118 throughout the year.
Its income position increased to$ 27. 8 million from$ 22. 8 million the past season.
From £175, 575 to £1. 9 million, overdraft bill and bank loans increased.
The managers did not suggest a last dividend payment, but an interim payout of £5. 35 per discuss was given in August of last year.
Faithdean cited a “healthy network of secured and negotiated work” for the present time.
The managers anticipate a strong season of trading performance and anticipate another rewarding time, despite business problems remaining constrained.
