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Fri September 20 2024

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Scape profits collapse

28 Nov 22 Scape Group, the local authority owned procurement agency, saw its profits and turnover tumble last year.

Scape chief executive Mark Robinson
Scape chief executive Mark Robinson

In the year to 31st March 2022, turnover fell 25% to 拢11.0m (2021: 拢14.7m). Pre-tax profit was down 96% to 拢218,000 (2021: 拢6.1m).

Year end cash balance was 拢8.97m (2021: 拢10.92m).

鈥淭he directors consider this to be a satisfactory performance,鈥 wrote chief executive Mark Robinson in the annual report.

The highest paid director, presumed to be Mark Robinson, who has been chief executive since 2009, saw his remuneration cut to 拢350,000 last year, from 拢415,213 the previous year.

A Scape spokesperson said of the results: 鈥淲hile these figures reflect the challenges the market faces in terms of significant cost inflation and slower public spending, they also represent a year of major investment in support of our clients and delivery partners 鈥 including our acquisitions of the Construction Waste Portal and Social聽Partnership Portal.

聽鈥淭hese investments will play a major role in supporting vital regeneration initiatives across the UK as we continue to actively performance manage more than 1,600 live projects through our 拢19bn, net-zero ready frameworks.鈥

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MPU
MPU

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