Covid and restructuring costs sees Careys profit sink

By Dave Rogers2022-02-09T09:43:00

Discontinued businesses rack up £8m in losses

Careys said the impact of the covid-19 pandemic and delays in awarding contracts sent the firm’s income tumbling to below £350m last year in its latest accounts filed at Companies House.

The Wembley-based civils and concrete specialist said income in the 12 months to September was £344m – down from the £749m it posted in the 18 months to September 2020. Its pro rata turnover for 2020 was £499m, down from the £575m it recorded in 2019.

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