Careys restructures and says covid cost it £10m

By Dave Rogers2021-06-18T05:00:00

Firm winding down three non-core businesses this year and next

Careys said the cost of the covid-19 pandemic hit its bottom line by close to £10m last year in its latest accounts filed at Companies House.

The Wembley-based firm, which is working on the One Nine Elms twin-tower scheme being built by Multiplex for Chinese developer Dalian Wanda, said turnover, reduced by the pandemic, and the cost of paying furloughed staff hit it for an estimated £9.6m.

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