Business
The employee-owned contractor stated that exact trading in the course of the year had been held back by completion of remaining mounted-put contracts secured in earlier years.
These final grand tasks had a cost irascible from 2020 and incorporated student accommodation, care and residential tasks suffering from market pressures at some level of, including subcontractor screw ups.
But a sharper focal level on negotiated work and repeat industry saw revenue upward thrust 7% to £77m generating a profit of £330,000 in the year to December 2023.
Clegg stated it now enjoys a pipeline of properly-performing contracts trading through 2024 and increasing into 2025.
This pipeline turned into constructed all over a whole lot of sectors providing resilience in the provision of work and funding streams. It involves defence, education, residential, care, leisure and commercial jobs starting from £5m to £35m.
The company has additional reinforced inner departments in readiness to raise a higher uncover e-book in 2024 and beyond.
The make management department turned into expanded to a bunch of seven with the gap of Head of Originate created to handbook
route of development and voice fundamental protocols to raise schemes following the changes triggered by the Building Security Act.
The total Clegg Neighborhood performance, which accommodates specialist contracting arm Clegg Food Projects, reported revenue down a minute of at £159m with pre-tax profit the whole style down to £560,000 from £1.5m previously.
