Gibbons Naylor/Stuff
Naylor Love chief executive Rick Herd, left, and Gibbons chief executive Scott Gibbons confirmed their joint venture at Nelson Airport in 2019. “Essentially we have disposed of our construction arm to Naylor Love.” The third-generation family business would now specialise in property investment and development, including design, procurement of land, and tenants, he said. “We have been moving in this direction for a number of years now. “We ve decided to specialise in an area, compared to being all things to all people.” Gibbons thanked customers for supporting the crane business and stressed concrete panel plant in Tāhunanui, which Gibbons Group and contractors had used to realise “interesting projects” and prominent buildings.
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7.2 Grant Thornton UK LLP of 30 Finsbury Square, London EC2A 1AG are the current auditors of the Company. Deloitte LLP of 1 New Street Square, London EC4A 3HQ were the auditors for the Company up to the financial period to 30 March 2019.
8. dividend policy
8.1 The Board s dividend policy was most recently stated on page 6 in the Chairman s Statement contained in the 2020 Annual Report & Accounts which forms part of the Company s Public Record: The Company has not paid a dividend since 3 February 2012. The Directors do not expect to pay dividends until the business is returned to a sustainable and stable financial footing. The Directors understand the importance of optimising value for Shareholders and it is the Directors intention to return to paying a dividend as soon as this is possible under the Company s agreements with GBB and the pension trustees and as soon as the Directors believe it is financially prudent for the Group to do so .