Covid after effects tip G F Tomlinson £2.3m into the red
A mix of contract award delays and increased costs on Covid-impacted contracts saw Derby-based G F Tomlinson Group run up a £2.3m loss last year as revenue slipped 7% to £81m.
Chairman and managing director, Andy Sewards said that client project sanction delays resulted in turnover coming in £30m below budget.
Despite more challenging market conditions, the family-owned contractor decided to avoid job cuts among its 226-strong workforce and complete Covid-impacted projects.
The
Read more »