Liverpool city region housing maintenance and construction outfit M&Y Maintenance & Construction sees profits treble as revenues soar 34% to £58m. Tony McDonough reports
Housing maintenance and construction outfit M&Y Maintenance & Construction is reporting a surge in annual revenues and profits.
M&Y, a division of the Liverpool-based Regenda Group, saw revenues reach £58m in the 12 months to March 31, 2025. Pre-tax profits came in at £675,000 – a big increase on the £217,000 recorded in the previous year.
Ken Murphy and Graham Yates established the business in 1980, mainly building household extensions. It secured its first social housing contract in 1985 and won an £8m deal with Regenda in 2007. It became a division of Regenda in 2009.
In February 2025 LBN revealed M&Y, which employs around 250 people, had won a £750,000 maintenance services contract with Crosby Housing which provides affordable housing for the local community.
This was the second £750,000 deal M&Y had announced in the space of a week. In the previous week LBN revealed it had won a maintenance services contract with Steve Biko Housing Association in Liverpool.
In its annual report, the firm said: “M&Y remains in a strong financial position due to its successful diversification and an established and committed order book from our parent and company the Regenda Group for whom we deliver all their responsive repairs, planned works, facilities management and construction.
“As M&Y has this guaranteed income and healthy cash flow it enables us to secure external contracts with the knowledge we are financially secure.”
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However, the business did identify a number of challenges it faced along with the rest of the construction industry. In particular it highlighted the skills shortage with an aging workforce and the difficulty in attracting younger people to the sector.
It also said: “Rising material costs remain one of the most significant factors affecting project budgets and timelines in the UK construction sector.
“As demand for new housing, infrastructure and commercial development continues to rise, the industry faces ongoing price pressures across essential building materials, including steel, concrete, timber and insulation.”