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

British Forces in Business honour for Rachael Smith
27 Jun 2025

Congratulations to Rachael Smith, our Head of HR – Strategy & Transformation, who was named Role Model of the Year at the British Forces in Business Awards 2025.

Read more about
Supporting the Armed Forces community
26 Jun 2025

During Armed Forces Week, we speak to Katy Maloney to understand how our commitment to the Forces community provides essential support for military families.

Read more about
Defence ERS Silver Award
23 Jun 2025

As we celebrate the beginning of Armed Forces Week 2025, we are thrilled to announce that we have been awarded the Defence Employer Recognition Scheme (ERS) Silver Award.

Read more about