OCU Group has been growing by debt-funded acquisitions since its private equity buyout three years ago
In the year ending 30th April 2025, OCU Group revenue grew by 45% to 拢886m, a 45% increase from the previous year, reflecting organic growth as well as the impact of strategic acquisitions
Three acquisitions were made during the year: Northern Ireland-based McCormack Drilling Limited, process engineer Purestream Industries and Scottish civil engineering contractor RJ McLeod.
Operating profit more than doubled to 拢28.1m (2024: 拢12.6m).
However, with 拢99m paid out in interest on borrowings and similar expenses, the final result was a pre-tax loss of 拢63.3m, also more than double 2024鈥檚 result of a 拢30.9m loss.
Chief executive Michael Hughes said: 鈥淥CU Group delivered consistently strong strategic and operational progress this year, underpinned by three acquisitions, organic contract wins and continued investment in technology and talent. Our diversified position across essential UK infrastructure markets provides a robust platform for sustained, long-term value for clients and stakeholders.鈥�
Chief financial officer David Snowball added: 鈥淥CU Group continues to deliver strong, profitable growth, reflecting excellent progress against our strategic objectives. With a solid capital structure and robust financial footing, we are well positioned to build on this momentum into the future.鈥�
OCU was founded by 1994 by brothers Tim and Tom O鈥機onnor as O鈥機onnor Utilities Group. They sold it to private equity firm Triton Partners in August 2022.
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