Nexus Infrastructure plc
Nexus Infrastructure plc is a UK AIM-listed (ticker: NEXS) civil engineering group operating through two subsidiaries: Tamdown Group Limited, which has delivered civil engineering and groundworks solutions to the UK residential housebuilding sector for around 49 years, and Coleman Construction & Utilities Limited, acquired on 29 October 2024, which delivers civil engineering and building projects in the water, rail, highways, and rivers & marine sectors. All Group operations are carried out in the UK, predominantly the South East of England.
FY2025 in sixty seconds
year to 30 Sept 2025 · approved 26 Feb 2026 · 90 pages · Companies House
Nexus Infrastructure, a UK civil engineering group working mainly for housebuilders, grew revenue to £65.9m from £56.7m. It still made a loss, though a smaller one: £2.4m after tax, against £2.8m the year before.
Its housebuilding business, Tamdown, earned better margins on its work, and Coleman, a water and rail engineer bought in October 2024, added higher-margin revenue. Central costs also fell. One-off costs, mainly linked to buying Coleman plus some redundancy payments, deepened the loss, and housebuilding activity across the sector stayed low.
Nexus ended the year with £9.9m of cash, down from £12.8m, partly because of spending on the acquisition, and it has no bank borrowings. The dividend was held at 3p a share. Management says it enters the new year with confidence, pointing to an order book (work already won but not yet done) of £83.4m and an expected recovery in housebuilding. The auditor gave a clean opinion, but the report warns the business depends heavily on the UK housing market and wider economy.
Housebuilding sector activity and new contract awards with major housebuilders (Bloor, Bellway, Vistry, Taylor Wimpey)
Tamdown new awards totalled £88.8m in FY25 (FY24: £55.5m); revenue from residential housebuilding was £60.0m
page 8Tamdown operational discipline and cost control
Gross margin strengthened to 14.0% in FY25 from 13.5% in FY24 and 5.8% in FY23
page 8Nexus enters FY26 with confidence; the recovery in the housing sector, together with increased diversification and clear strategic priorities, provides a strong platform for sustained performance improvement and long-term value creation.
page 6Interim dividend of 1.0p per share paid 17 April 2025; Board recommends a final dividend of 2.0p per share, subject to shareholder approval, giving a total FY25 dividend of 3.0p (flat vs FY24 and FY23); proposed final dividend to be paid 24 April 2026 to shareholders on the register at close of business 23 March 2026. Board intends to maintain dividend levels to continue returning value to shareholders
page 1611 years on one page · FY2015–FY2025
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GBP millions, negatives in brackets. Per-share lines in pence. Share counts in millions. Margins and returns as percentages, calculated from the filed figures. later is what a following report restated the figure to; vs is a second reading that disagrees. The figure shown is the one the original filing printed, and both readings are kept. Click any figure: opens the report page it was read from, highlighted; shows how it was calculated.
12 figures restated in a later report
Every figure is read again from the following year’s report: 351 confirmed, 18 differ, 12 restated.
| Line | Year | As first filed | In the later report |
|---|---|---|---|
| FY2024 | £0FY2024 report | £513kFY2025 report | |
| FY2024 | −£221kFY2024 report | £468kFY2025 report |
10 more figures were restated in FY2015 to FY2022, which a free account opens.