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Profit warnings remain at historically low levels in the construction sector, despite growing costs and rising numbers of administrations, a key report
More than 40 per cent of listed construction and materials companies issued a profit warning in the 12 months to the end of March 2021, but none have gone
By Dave Rogers2021-05-05T10:08:00+01:00 Accountant says ending of government support during pandemic could spark rise in insolvencies More than 40% of the UK’s listed construction firms issued a profit warning in the year to the end of March, according to the latest research from EY-Parthenon. The accountant said 16 construction and materials firms issued at least one profit warning during the period – around 44% of those listed on the Stock Exchange. Source: Shutterstock EY says the number of warnings has been on a downward trend since the middle of last year But EY’s construction le...
By Dave Rogers2021-02-12T06:00:00+00:00 Last year’s figure was up 73% on previous highest As contractors and housebuilders gear up to release their 2020 results in the coming weeks, the number of profit warnings issued by listed firms in the sector hit a record amount last year. Accountant EY said there were 33 profit warnings made by FTSE construction and materials companies in 2020 – eclipsing the previous record of 19 which was racked up in the recession-hit years of 2008 and 2012. Source: Shutterstock A record number of construction and materials firms listed on the Stock Exchange i...
Profit warnings among construction companies hit their highest level in 2020. There were 33 such warnings among listed companies in the year, according to