2021 News Profitability Security 
Construction Enquirer
MAY 31, 2023
Briggs & Forrester Group saw pre-tax profit halve to £1.6m Group financial director Jeremy Askew said: “It has been a particularly difficult year with high levels of inflation experienced impacting on the profitability of some fixed price contracts. after suffering a £1.6m Average headcount across the group slipped back 2.5%
Construction Enquirer
JUNE 11, 2023
Derby-based building contractor Bowmer & Kirkland returned stable revenue and profit last year despite more challenging market conditions. Turnover was stable at £1.15bn, while trading profit fell by just over 22% to £47m as overall group margin slid from 5% to 4% in the tighter market.
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Construction Enquirer
JULY 17, 2023
Across the group, underlying profitability remained steady although pre-tax profit slipped 5% to £36m after a £13m hit on a revalued development joint venture for a mixed-use scheme in Oxford. Mace also delivered more than £214m of construction work through its construction management projects, not included in overall revenue.
Construction Enquirer
MAY 17, 2023
Group turnover of £132m (2021:£137.5m) fell short of initial forecasts for the year with delays to project start dates due to cost inflation pressures and programme movements. The strategy has not adversely impacted orders so far with work secured or at bidder stage totalling £385m. having been provided for future works.
Construction Enquirer
AUGUST 23, 2023
The construction arm of the Seddon Group, which only returned to profit of £2m last year after a prior year loss, was also hit by market inflation, project delays and fire safety remediation costs. “This secondary cause of inflation increases our costs further due to disruption and increased cost of securing alternate subcontractors.”
Construction Enquirer
JULY 12, 2023
Diversified construction group JRL has delivered strong revenue and profit growth at its main contracting business Midgard. Overall JRL group revenue for the year jumped 25% to £761m with pre-tax profit halved at £13m. in 2021 to £21.8m As a result group margin dropped from 4.4% last year as revenenue almost doubled to £128m.
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