Clients delaying decisions on jobs, Severfield warns

By Dave Rogers2020-06-17T07:13:00

Covid-19 crisis overshadows improved set of results for steelwork contractor

The country’s biggest steelwork contractor has warned it is beginning to see some schemes being put on hold as spooked clients delay jobs because of the covid-19 crisis.

Severfield, which is working on schemes to redevelop Lord’s cricket ground, Fulham’s new stand at Craven Cottage and the Google headquarters building at King’s Cross, said it was suspending a dividend payment and had deferred tax payments and loan repayments to preserve cash.

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