Contractor confident of return to profit this year after review of jobs
Robertson Construction Group has posted a loss in its latest accounts after being hit by a trio of problem contracts.
Latest numbers for the year to June 30 2024 show a pre-tax loss of £12.6m compared to a £16m profit last time as turnover rose to £627m from £493m.
Robertson blamed the numbers on two loss-making contracts and a third where margins “experienced a considerable deterioration.”
The loss has sparked a review of all Robertson project and procedures to “ensure lessons learned are fed back into our processes to ensure such losses are avoided in the future.”
Performances were mixed across Robertson’s regional structure with three of the eight divisions producing profits well in excess of their forecasts.
Robertson said the problem jobs were now closed out and the current year has got off to a strong start with a return to profitability.
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