Bust subcontractor and client changes sees stadium contract blow £14m hole in Buckingham numbers

By Dave Rogers2023-01-04T07:00:00

Contractor admits it paid out staff bonus in November 2021, expecting to make profit

A bust subcontractor and a client which kept changing its mind on a stadium contract helped send Buckingham nosediving to only its second annual pre-tax loss in more than two decades of business.

The firm said it racked up a £14.2m loss on the unnamed stadium job – thought to be its scheme to build a new stand at Fulham’s Craven Cottage ground – bringing to an end five successive years of profit with a pre-tax loss of £10.7m for 2021.

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