Sir Robert McAlpine returns to profit

In a turnaround year for the business, McAlpine generated a £9.2m pre-tax profit last year on revenue ahead 14% at £937m.

But revenue in the year to October 2021 was slightly down on the five-year peak of £1bn in 2019.

Improved trading saw cash balances slightly ahead at a healthy £106m at year-end with no debt.

Paul Hamer, chief executive officer at Sir Robert McAlpine, said: “Despite the numerous challenges we have had to face during the financial year, our business strategy has proved its resilience.

“With a sharp 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.”

He added that with a healthy pipeline of opportunity and more than 90% of secured business, Sir Robert McAlpine now had a robust platform to build upon for 2022 and beyond.

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