Infrastructure and property services contractor United Living generated £453m of revenue in just eight months, according to its latest accounts.

Audited figures, covering the eight months to 31 March 2024, also revealed that the firm made a pre-tax loss of £5.7m.

Directors said the diversified group had benefited from “tailwinds in the well-established infrastructure, telecoms and property sectors”.

For the previous 12-month period, the firm posted a £3.9m pre-tax loss from turnover of £534.2m, which propelled it 23 places to 38th in the CN100 2024 rankings.

The latest accounts, published on Wednesday (6 November), also revealed new contracts worth £900m have been signed across all four of its business streams: Infrastructure Services, Connected, Property Services and New Homes.

Contract wins included £198m from housing association A2Dominion for Property Services, £50m from National Gas for Infrastructure Services, £57m from Cornerstone for Connected and £22m from Legal & General for New Homes.

The firm, which was bought by US investment company Apollo Global Management in May 2023, also said it had secured £3.4 billion of orders by 31 March.

Cash at hand was £51.9m and a revolving credit facility of £60m is in place until February 2030.

The accounts also included £13m in retentions due in more than 12 months, and United Living listed £20.3m in provisions for liabilities.

United Living employed a monthly average of 1,387 staff, up from 1,182 in the previous 12-month period.

The firm also published unaudited accounts covering the full year to March 2024, simultaneously with its audited eight-month figures. The unaudited figures showed that turnover rose by 17 per cent to £627.2m. Unaudited pre-tax profit totalled £31m.

Looking ahead, the firm said it is is “well positioned” to continue growth and added it could make further strategic acquisitions.

Directors said: “There are many growth opportunities available in the infrastructure sector due to network upgrades, AMP8 in the water sector and new infrastructure required for carbon capture, utilisation and storage and the related decarbonisation of heat.”

And in a press release accompanying the results, chairman and chief executive Neil Armstrong said that new regulatory requirements on “relating to building safety, damp and mould and net zero are driving an increase in the requirement for property services”.