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McAlpine returns to profit

15 Jun 22 Family-owned construction contractor Sir Robert McAlpine has returned to profit rebounding from a loss-making 2020.

Chief executive Paul Hamer
Chief executive Paul Hamer

For the year ended 31st October 2021, Sir Robert McAlpine鈥檚 turnover was up 14% to 拢937.2m, from 拢819.5m the previous year.

Profit before tax was 拢9.2m in 2021 compared to a 拢26.8m loss (restated) in 2020.聽

Cash balances stood at 拢106.2m at year end with no debt.聽

Chief executive Paul Hamer said: 鈥淲ith a sharp business focus on continuing to play to our core strengths and values, we have achieved what we set out to do: deliver a robust performance and a return to profit.

鈥淥ur strong, enduring relationships with clients and supply chain partners have anchored our stability and helped to mitigate impact on productivity.

鈥淎nd there is no doubt in my mind that our ongoing success is also down to the skills, expertise and commitment of all the people working on our magnificent projects.

鈥淥ur ambition to become the best place to work is undeterred. It is reflected in the many initiatives we have undertaken to promote an inclusive and flexible culture that welcomes everyone and cares for our communities.

鈥淲ith over 90% of secured business and a healthy pipeline of opportunity, we now have a robust platform from which we can continue to deliver project excellence, tackle the climate emergency, foster and create social value across the communities we serve and build positive momentum for 2022 and beyond.鈥

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MPU
MPU

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