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Strong H2 performance, gaining momentum:
o
Revenues up 4% on H2 2019
o
H2 2020 underlying operating profit £11.2 million (H2 2019 £11.8 million)
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RMI demand quicker to return and stronger than newbuild and social housing
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Robust
financial position maintained:
o
Strong cash generation
o
Significant headroom in banking facilities of over £50 million at the year end, facilities now extended to June 2024
o
All pre-COVID banking covenants met with no variation or waivers
o
No additional funding has been sought from shareholders or banks
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Recommencement of dividend payments, with proposed final dividend of 1.00 penny per share
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Health and safety prioritised in response to the COVID-19 pandemic