But profit margins at concrete contractor hold up

Hertfordshire concrete contractor Getjar said revenue fell more than a quarter last year as the covid-19 pandemic saw projects delayed and stopped.

Getjar was set up in 1980 and in its most recent set of results the concrete frame and groundworks specialist said turnover slipped 27% to £100.5m.

coronavirus construction

Source: Shutterstock

Shut sites sent the firm’s revenue down by more than 25%

Pre-tax tax profit was down 18.5% to £4.8m in the year to August 2020 but the firm said its post-tax profit margins held up at 4.2%, down from 4.3% in 2019.

The firm said its balance sheet at the year end was £17.1m, up from £15.4m.

Getjar said the amount it received in government grants – thought to be its furlough initiative – was £212,000.

Topics