M&J Group Revenue and Profit Fell Sharply in 2025
What the 2025 filed accounts show — and what they do not establish about causation.
Last verified: 5 October 2026
IMPORTANT DISTINCTION
The penalties described on this website concern failures to comply with CMA investigative requirements during an inspection.
The separate CMA investigation into suspected bid-rigging remains ongoing.
The CMA has expressly stated that no assumption should currently be made that competition law has been infringed.
According to the 2025 filed group accounts, M&J Group's turnover fell from £42.6 million in 2024 to approximately £40.8 million in 2025. Pre-tax profit also declined.
| Metric | 2023 | 2024 | 2025 | Change (24→25) |
|---|---|---|---|---|
| Turnover | £38.2m | £42.6m | £40.8m | ▼ ~4.2% |
| Operating Profit | £3.9m | £4.7m | £4.4m | ▼ ~6.4% |
| Pre-Tax Profit | £3.8m | £4.6m | £4.4m | ▼ ~4.3% |
| Employees (avg) | 88 | 91 | 94 | ▲ ~3.3% |
What the Accounts Do Not Establish
This page does not state that the CMA investigation caused the decline. Causation is not established by the filed accounts alone.
Correct framing:
"The financial decline occurred during the wider period of the CMA investigation."
Incorrect framing (this page does not say):
"The CMA investigation caused revenue to collapse."
Whether the decline reflects market conditions, project timing, the investigation, or other factors is not established by the accounts. Any causation claim would need to come from management commentary or another credible authoritative source.
Companies House — Group accounts to 31 December 2025 [S007]