24th July 2023

Sir Robert McAlpine maintains solid performance in volatile markets

Read our Annual Report and Accounts that accompanies our financial results 2021-22

Focus on strong relationships and technical excellence helps Sir Robert McAlpine to deliver in a changing world.

We are pleased to announce solid financial results for the year 2021-22, showcasing resilience in turbulent and volatile markets:

  • Operating profit was £9.6m in 2022 compared to a profit of £9.6m in 2021.
  • The annual turnover was £1,086.9m in 2022 compared to £937.2m in 2021.
  • Cash remained strong at £99.5m at year end with no debt.

Despite the ongoing challenges of the trading environment caused by material shortages, inflationary pressures, and further exacerbated by the Ukraine conflict, we have maintained a solid performance and a robust cash position.

As a Tier 1 contractor, we have kept a prudent approach guided by our values, applying strategic focus on nurturing strong relationships with our clients, industry peers and supply chain partners externally, getting closer to communities to create social value, tackling climate change and promoting an inclusive culture for our people.

This, combined with Build Sure, our systematic approach to delivering excellence that underpins each of our projects, has enabled the business to deliver in an ever complex and difficult geopolitical context. Amongst our top achievements last year, we successfully completed the restoration of the Elizabeth Tower, one of the most iconic landmarks in the country.

We have once again had to face unprecedented challenges as an industry. As a family led business with more than 150 years of history, the strong relationships that we nurture with our clients, supply chain partners, consultants, communities and industry peers, as well as our uncompromising approach to delivering excellence has allowed us to maintain our performance.

Paul Hamer

Paul Hamer, Chief Executive

Read our Annual Report and Accounts 2022

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