Morrisroe Group suffers its first trading loss

Diversified concrete, demolition and piling contractor Morrisroe has suffered its first major trading loss as a group after concrete and rebar price hikes squeezed fixed-price jobs.
Traditionally star performers within the group A J Morrisroe & Sons, Kingscote Plant and GSS Piling all plunged into the red.
Turnover at the Hertfordshire-based group remained broadly static at around £204m in the year to October 2022.But materials price inflation caught Morrisroe on fixed-price work and d