Galliford Try had been expected to published its financial results this week for the year ended 30th June 2024 but today warned of a delay.
It said that the company鈥檚 auditor, BDO LLP, had 鈥渞equested more time to complete its audit quality control standard procedures鈥�.
It is not yet clear how long this could take: 鈥淭he group will provide an update with a revised results date in due course,鈥� Galliford Try said.
Company audits have been an especially sensitive topic in the construction industry since the collapse of Carillion in 2018. KPMG was fine 拢21m for its slack auditing work on Carillion. PwC was subsequently fined more than 拢5m in 2022 for failings in its audits of the accounts of Galliford Try and Kier.
Galliford Try suggested that there were unlikely to be any nasty surprises when this year鈥檚 accounts are eventually published 鈥渨ith revenue and pre-exceptional profit before tax expected to be above the upper end of analyst forecasts鈥�.
It added: 鈥淭he board is confident in the outlook for the current financial year and is encouraged by the momentum in framework and sector wins, which align with the strategy to 2030 outlined in May 2024, and underpins the opportunity to deliver further strong performances and sustainable long-term value for all stakeholders.鈥�
Got a story? Email news@theconstructionindex.co.uk
