RGCM profit jumps almost 60% despite BSR issues
Summary
RGCM reported a 59% rise in pre-tax profit to £7.3m despite a fall in turnover, citing improved project performance, stronger margins and tighter cost control. The company said delays in Building Safety Regulator approvals for higher-risk buildings are likely to slow the start of new schemes in 2026 and create wider uncertainty across the supply chain.
Why it matters
For residential property surveyors, the article highlights how BSR gateway delays can affect project timetables for higher-risk residential developments. It also signals continued demand in residential and student accommodation, but with delivery risk tied to regulatory approval timescales.
Key points
- Pre-tax profit rose 59% to £7.3m, while turnover fell to £288.6m.
- RGCM says BSR approval delays are expected to constrain growth during 2026.
- Gateway two applications for higher-risk buildings were deferred due to industry-wide approval delays.
- The company reports a strong order book, robust cash position and no external bank debt.
- Directors say greater certainty on approval timescales is needed for efficient residential delivery.
This is an RPSA summary of a publicly available article. The full content remains with the original publisher.
