Oxford council-owned company reports £3.7m profit

Summarised from 2 outlets · Updated 13 Nov, 13:02 · Archive

Oxford Direct Services exceeded its £2 million profit target, achieving £3.7 million in 2025/26.

Oxford Direct Services (ODS), the council-owned company, exceeded its own profit projections for 2025/26, achieving £3.7 million against a target of £2 million. This resulted in retained profits of £5.4 million after dividend payments of £2.4 million to Oxford City Council, the sole shareholder.

Revenue for the year was £77.9 million, up from £74.4 million in 2024/25, mainly due to higher demand for property services capital programmes and engineering works. Gross profit increased to £24.9 million from £23 million. Customer satisfaction surveys showed a 94 per cent satisfaction rate with both the repairs service and timeliness.

ODS stated that its 'operational scale, accredited technical capability, and long-established workforce allow us to deliver essential services at quality levels and at a total system cost that are difficult for third-party providers to match'. The company employs 524 workers, down from the previous year, though total staff costs remained at about £27.8 million. ODS will continue to focus on 'providing high-quality, value-for-money public services' amid a 'challenging financial environment'.

Oxford council-owned company reports £3.7m profit — Image: Oxford Mail

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How it is being reported

Oxford council-owned company exceeds profit target with £3.7m resultA council-owned company has reported profits and pledged to continue providing value-for-money public services.Oxford Mail · 13 Nov, 12:30
Oxford council-owned company exceeds profit target with £3.7m resultA council-owned company has reported profits and pledged to continue providing value-for-money public services.Oxfordshire Guardian · 13 Nov, 12:30

In this story: Oxford Direct Services · Oxford City Council · Nigel Chapman · Oxford

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