Focused strategy and robust financial management increase resilience for recovery

We are pleased to announce our financial results 2019-20 today, which, despite the adverse temporary impact of Covid-19 on profits this financial year, show a positive outlook ahead.

Loss before tax is £26.8m in 2020 compared to a profit of £14.5m in 2019.

The annual turnover was £819.5m in 2020 compared to £1,009.2m in 2019.

Cash balances remained healthy at £96.7m at year end with no debt.

Owing to our inherent flexibility and agility, we were able to react quickly when the Covid-19 crisis emerged to mitigate some of the effects of the pandemic. The business, although reporting an unsurprising downturn in profit during the financial year 2019/20, remains confident in its future success, which is underpinned by the five-year strategy we introduced in 2019. The strategy sets out a clear path to realising our vision of “proudly building Britain’s future heritage” with a focus on being the Best Place to Work and consistently delivering high-quality projects for our clients via our internal ‘Build Sure’ framework.

Download our Annual Report and Accounts

Cover of annual report and accounts 2019/2020

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