Firm shrugs off falls and says outlook remains positive

Margins at Bam Nuttall fell to just under 4% last year after the firm’s pre-tax profit slipped by a third to £58m.

The civils arm of Bam saw revenue rise 8% to £1.47bn but pre-tax profit was down 36%, cutting its industry-beating margins from 6.7% to 3.9%.

bam nuttall

Bam Nuttall’s margin fell to 3.9% last year, the firm said in its latest accounts

But it shrugged off the falls and added: “Notwithstanding the ongoing economic challenges, in the UK and globally, our outlook remains optimistic but cautious.”

The firm’s order book at the year-end was flat at £4.1bn with year-end cash up 6% to £153m.

The number of people at the business was up 5% to 3,686.

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