However, it is a different company now, having sold Linden Homes and Partnerships housing divisions to Bovis Homes on 3rd January 2020.
Galliford Try is now a smaller, cash-rich pure contracting company, with the slate wiped clean.
For the year ending 30th June 2020, Galliford Try generated revenue of 拢1,122m from continuing operations (i.e. excluding the six months contribution from the house-building operations now sold). This is 20% down on the previous year鈥檚 拢1,400m and puts Galliford Try outside of the Top 10 of UK contractors for the first time in many a year.
It made an overall pre-tax loss for the year of 拢34.6m. This was not as bad as the previous year鈥檚 pre-tax loss of 拢64.5m, but would almost have been but, for a happy injection of 拢28.0m from the Scottish government in final settlement of the Aberdeen Western Peripheral Route (AWPR) saga.
Excluding exceptional items, the numbers look much worse: a 拢59.7m pre-tax loss this time compared to a 拢17.2m loss (pre-exceptionals) in financial 2019.
The building division incurred a net loss from operations of 拢53.9m (2019: 拢10.4m profit) and infrastructure made a profit of 拢25.5m (2019: 拢51.0m loss). 聽These performances were adversely impacted by Covid-19 and associated project delays, contract settlements and legal costs, the board said.
Galliford Try ended the financial year with a well-capitalised debt-free balance sheet, with cash of 拢197m, a PPP portfolio of 拢41m and no defined pension scheme liabilities to fund.聽 Average month-end net cash, for the six months since the disposal of housebuilding, was 拢141m.
It has an order book of 拢2,152m for the building division and 拢1,010m for infrastructure.
Chief executive Bill Hocking said: "This year has been a period of significant change for the group. We have successfully transitioned to a well-capitalised UK construction business and I am confident about our future.
鈥淭he group responded rapidly and effectively to the challenge of the Covid-19 pandemic and I have been particularly impressed by, and thankful for, the outstanding efforts of our staff throughout this period.聽 All of our construction sites are now operational, and productivity is close to normal levels.聽 Working with all stakeholders we will continue to maintain the highest safety, wellbeing and Covid-19 secure practices throughout all aspects of our operations.鈥�
He added: 鈥淭he group is performing well and focusing on its core strengths of building, highways and environment.聽 In recent months we have secured a number of significant project wins and we are well placed to benefit from planned future investment in our areas of operation.鈥�
The annual results statement also reveals that Galliford Try is in a legal battle for 拢95m from a former client. 鈥淎s previously disclosed, the group provided services in respect of three contracts with entities owned by a major infrastructure fund of a blue-chip listed company.聽 Our work on these contracts formally ceased on their termination in August 2018.聽 Costs were significantly impacted by client-driven scope changes and the group has submitted claims and variations to the value of 拢95m in respect of these costs (2019: 拢54m).聽 The group has taken extensive legal advice on our entitlement and we have been successful in two adjudications supporting the validity of the group's position.鈥�
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