COVID pushes Keltbray into the red

Multi-disciplined contractor Keltbray slipped into the red last year.

For the year ended 31st October 2020, Keltbray made a pre-tax loss of £9.4 million on a turnover of £428.6 million that was 24 percent down on the previous year’s £563.4 million turnover.

The financial loss was blamed on the costs of COVID-19, the revenue impact of temporary site closures and delayed projects, and restructuring costs, predominantly within the built environment businesses.

Executive chairman Brendan Kerr (pictured above), remains positive, however: “As I reflect on the year, my overwhelming feeling is one of pride for the tremendous work that my executive team and all my colleagues across Keltbray have done to face the challenges head on, continue to deliver the essential services our customers and the wider UK demand, and protect the business for the future.”

Read more here.