Caddick Group Leeds Hits £539m Turnover with Record Year

Caddick Group Leeds reports 14th consecutive year of profitability as construction arm delivers record £375m turnover, £1.4bn order book, and Moda Living builds 1,600 homes in the city

Yorkshire-based Caddick Group Leeds has reported £539 million in group turnover for the year ending August 2025, marking a 14th consecutive year of profitability. The family-owned business and owner of Leeds Rhinos and Headingley Stadium, saw its construction arm deliver a record £375 million turnover, up 8% year-on-year, with a £1.4 billion forward order book. Meanwhile, its Moda Living platform now has more than 1,600 homes under construction in Birmingham and Leeds, with assets valued at over £2 billion.

Why This Matters For Leeds

Caddick is one of the most significant privately owned property and construction businesses in Yorkshire, deeply embedded in Leeds, from Headingley Stadium and Leeds Rhinos to the SOYO cultural quarter and Leeds Valley Park. A £539 million turnover with a £1.4 billion forward order book signals a business continuing to invest through a difficult cycle. Read more Leeds business news across all sectors.

How Caddick Group Leeds Built to £539m

The construction division was the standout performer, closing the year with £36 million in cash (up 10%) and targeting a 4% margin. Civil engineering turnover grew 17%, while its CCL specialist facades business increased by 37%. Major project wins included Stone Yard in Birmingham, a 1,000-home build-to-rent scheme for Moda and Aviva Capital Partners, alongside developments in County Durham and Sunderland. The group also secured places on several significant frameworks, including Prosper’s £500 million New Build Development Framework, Torus’ £224 million housing and retrofit framework, and the Department for Education’s £15 billion Construction Framework 2025.

“”We are delighted with a year of real progress across Caddick Construction Group. We share in the industry’s headwinds, and we are proud to have maintained a resilient and growing group of businesses despite these challenges.””

— Group managing director Paul Dodsworth

Moda Living, Leeds Valley Park, and What Comes Next

Moda Living, the Caddick Group Leeds build-to-rent platform, reported turnover of £125.4 million and now operates around 4,500 homes across 11 schemes in major UK cities. Its single-family rental arm, Casa by Moda, has grown to 486 homes under management. On the development side, the group expanded its strategic land holdings by around 20% to more than 21 million sq ft of industrial space and 21,000 new homes. At Leeds Valley Park, sites advanced alongside schemes at Pontefract, Scarborough Business Park (where a 178,000 sq ft unit was completed for Schneider Electric), Knowsley, and Farington.