Balfour sets aside £25m for higher safety fines

Grant Prior 1 year ago
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Balfour Beatty has set aside up to £25m to cover potential health and safety fines under new sentencing guidelines.

The contractor was hit by a £2.6m fine in May after a trench collapse killed a worker on a Balfour Beatty Utility Solutions Limited site.

The huge fine came just weeks after safety sentencing guidelines were changed to reflect the turnover of guilty firms.

Balfour Beatty made £28m in provisions for non-underlying items in its latest half year accounts.

The accounts revealed the whole group made a profit of £7m during the first six months of the year.

The firm said: “This included a £25 million charge relating to revised legal guidelines and settlements.

“This largely relates to a reassessment of potential liabilities on historical health and safety breaches following new sentencing guidelines introduced earlier this year.”

A Balfour spokesperson declined to confirm details of any upcoming safety investigations.

A worker was killed on Balfour’s Third Don Crossing site in January.

 

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