Building positive momentum post Covid-19

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

This unpredictable financial year has been incredibly challenging for our people, our industry, the wider economy and society at large. Yet, despite this, we remain focused on constructing a brighter future. Our positive outlook is built on a solid order book and healthy pipeline of opportunity alongside the hard lessons learned during the pandemic and the sheer brilliance of our people innovating each day to keep our projects delivering safely. This has helped us to forge strengthened relationships with our clients and supply chain partners. More than ever, we remain committed to becoming the Best Place to Work, placing Sir Robert McAlpine as a flexible, agile and inclusive business that welcomes everyone. I am resolute that these testing times, and the temporary financial impact of Covid-19, should not deter us from progress but galvanise us to strive for true change in the critical areas of climate change, equality and the digital transformation of construction.
Paul Hamer, Chief Executive Officer

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