Redundancy costs top £1m for second year running at Byrne

By Dave Rogers2021-10-01T05:00:00

Firm racks up £3.5m restructuring bill in past three years as turnover dropped nearly a quarter last year, latest accounts reveal

Restructuring costs again dogged Byrne Group’s numbers with the firm shelling out a further £1.4m in redundancy payments last year to take its cumulative bill for exceptional items in the last three years to more than £3.5m.

The firm, which includes the Byrne Bros concrete arm and its building and fit-out business Ellmer, said the £1.4m came on top of the £1.6m and £593,000 it racked up in costs the two years previously.

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