In the year to 31st December 2020, Amey UK plc made a pre-tax loss of 拢98.0m (2019: 拢109.2m).
After-tax losses have now totalled more than 拢320m over the past two years.
Group revenue on continuing activities in 2020 was down 6% at 拢2.14bn (2019: 拢2.28bn).
Operating loss on continuing activities before 拢62.4m of exceptional items was 拢29.4m (2019: 拢21.4m loss).
Amey continues to be dogged by its waste management business, which was put up for sale last year. The 2020 accounts include provisions for future losses on its Milton Keynes treatment facility (拢39.8m), its Sheffield PFI contract (拢10m) and additional construction costs for the Isle of Wight plant (拢9.8尘).
Parent company Ferrovial pumped 拢169m equity into Amey UK earlier in the year and another 拢112m on the last day of the year. Consequently the accounts are able to show net assets of 拢82.8m (2019: net liabilities of 拢55m).
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