Keltbray eyes improved turnover as firm sets aside £7m for cost of regulatory probe

By Dave Rogers2022-06-16T10:39:00

Speculation that CMA investigation into demolition industry will report next week

Keltbray is expecting turnover to be back up to close to £500m this year as the impact of covid and a one-off charge for settling a regulatory investigation kept the firm in the red for the second successive year, its latest report and accounts reveal.

The firm, which has won a string of jobs recently including demolition packages on the Network Building for Derwent and the IBM redevelopment for Stanhope as well as junction improvements of the M621 near Leeds for National Highways, said it racked up exceptional costs of £8.7m in the year to October 2021.

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