Long Scottish Covid lockdown cost Robertson £11.5m

Aaron Morby 2 months ago
Share

Private contractor Robertson was plunged into a £6.1m operating loss last year after being hit by £11.5m in extra costs from the Covid pandemic lockdown.

Chairman Bill Robertson says the group is looking ahead with confidence
Chairman Bill Robertson says the group is looking ahead with confidence

The firm extended its financial year by three months to June 2020 to absorb the three-month closure of the majority of its 100 construction sites in March of last year.

Extra costs, particularly from the extended lockdown to the end of June in Scotland, plunged the business into the red compared to a £16.7m trading profit the year before. Revenue also fell 10% to £637m over the extended period.

Robertson took nearly £3.9m in Government job retention payments to support workers. During the period from April to mid-June, around 1,100 staff were on furlough, with a gradual return to work through June and July.

The exceptionally challenging year saw net cash nearly halve to £34m.

Chairman Bill Robertson said the business had now returned to normal trading at target levels of productivity and profitability.

He said: “With the current secured order book we are confident that the coming year will be a year of profit recovery as we adjust to new working conditions”

 

Latest news

Akela Group moves into England with new Leeds hub

Scottish civils contractor looks to boost business by 10% with move south of the border
5 hours ago

Three brickies fall through stairwell on St Modwen Homes site

House builder fined £200,000 after trio suffer serious injuries falling 2.5metres through temporary cover
6 hours ago

Sellafield plans £3bn infrastructure delivery partnership

Morgan Sindall/Arup alliance to be replaced by three delivery partners
13 hours ago

Billington cheered by big shed and infrastructure job surge

Steelwork specialist reports challenging market as main contractor clients squeezed by inflationary pressure
11 hours ago

Bid race starts for £1.6bn Pagabo civils framework

New civils framework will be split into four project-size lots
1 day ago

SEGRO to start £300m futuristic food production hub

Advanced 1.8m sq ft food growing facility planned near Derby
12 hours ago

First contractor fined after 316,000 HSE Covid spot checks

One prosecution so far following blitz of workplace Covid spot checks during pandemic
1 day ago

Ten fire crews tackle blaze at Hinkley

Temporary building on giant construction site goes up in flames
12 hours ago

Fusion21 refreshes consultants framework

Firms expected to support around 100 projects a year
12 hours ago

Builders’ merchants merge to create 123-branch chain

Independent Builders Merchant Group territory now extends from Corwall to Kent
1 day ago

Digger topples into trench on Costain M6 job

Driver in lucky escape after 13t excavator upends in central reservation drainage trench
2 days ago

Inquiry starts into construction of Scottish hospitals

Focus on construction problems at two major hospital sites
1 day ago

Thompsons blow down iconic Dorman Long tower – video

Controlled explosions bring down four Redcar steelworks structures at once
1 day ago

Manchester crane driver rescued after falling ill in cab

Emergency services lower stricken operator in a stretcher from tower crane cab
2 days ago

Taylor Wimpey MD joins Weston Homes

Peter Gore to oversee delivery of £2bn work pipeline
2 days ago

Henry Construction to build £32m Ealing resi scheme

Financing deal paves way for start on 14-storey scheme
5 days ago

Bourne hires new engineering director

Steelwork contractor appoints Denis McNelis to broaden its reach
2 days ago

50 firms win £3.6bn National Highways renewals deal

Morgan Sindall, Eurovia and Osborne win super regions civils
5 days ago

McLaren wins new Aston Martin F1 factory race

£200m development near Silverstone will take 18 months to complete
4 days ago

Kent Council seeks four partners for £500m pipeline

Council drops 17-supplier framework to partner with just four contractors
5 days ago

Robertson set to seal £150m Cardiff Arena deal

Cabinet to sign off contractor and business case for construction start next spring
5 days ago

VolkerFitzpatrick wins £82m Hull turbine blades factory

Deal to upgrade and build two more factories follows on from job five years ago
5 days ago

Lorne Stewart battles to return to profit

Harrow-based M&E group begins to curb losses
4 days ago

Kier returns to profit after two-year turnaround

Contractor makes £5.6m after £225.3m loss last time
6 days ago

Galliford Try returns to profit with margin at 2%

Order book swells to £3.3bn with 90% of work in place for 2022
6 days ago

Fire hits £120m Tolent Milburngate site

Blaze breaks out behind cavity wall as site evacuated
6 days ago

Roof tile maker Marley to float on stock market

Private equity firm unveils plan to take Britain's largest roof tile maker public
5 days ago

Plans in for Lancashire 1,700 inmate prison

Seven houseblock HMP Wymott 2 planned near Leyland
6 days ago

Michael Gove named new housing secretary

Gove replaces Robert Jenrick in Cabinet reshuffle
6 days ago

Redrow happy for staff to keep working from home

House builder says staff can work "where they are most efficient"
6 days ago

Contractor services