19-12-2022 01:51 via constructionenquirer.com

Stadium job tips Buckingham Group into loss

Buckingham Group Contracting suffered a near £11m pre-tax loss last year after taking a big hit on a major stadium job.
In freshly-published accounts for 2021, the main contractor said otherwise strong underlying operating profit margin at 1.8% had been adversely impacted by £22.6m from both the stadium project and Covid-related project delays.
Extra costs also included £1m in one-off special bonus paid to staff as the business switched over to an employee ownership trust in S
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