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

Latest news

Our commitment to the Armed Forces community recognised
07 Nov 2025

We were formally awarded our Armed Forces Covenant Employer Recognition Scheme Silver Award at an event at the Honourable Artillery Company in London

Read more about
New footage shows impressive progress at Agratas
06 Nov 2025

Agratas has shared dramatic aerial footage capturing construction progress at its battery manufacturing facility in Bridgwater, Somerset

Read more about
A military mission where everyone comes out a winner
05 Nov 2025

Following their recent addition to our family of charity partners, we're working with the Forces Employment Charity to strengthen our support for the Armed Forces community

Read more about