Surgo Construction slips into red

North east builder Surgo Construction fell into the red last year after revenue slumped 40% to just under £13m.
The builder is now in revenue terms a third of the size it was when it was rebranded in 2004, following a demerger from the Bowey group.
James Walker, managing director, said the Newcastle firm’s fall to a loss of £400,000 from a £300,000 profit last year reflected the challenges of Covid during an already challenging period.
Net funds stood at £1.1m dowm