As the firm hold their Annual General Meeting today, Friday 13 November, they said they were "encouraged by the pipeline of new opportunities across our key sectors", which alongside the West Lothian contract, includes:
• lots 3 and 6 of Thames Water's AMP7 £590m four-year framework in the London region,
• the £105m commercial and PRS development at Monk Bridge for Highline Investments,
• the £85m M56 junctions 6 to 8 works for Highways England,
• the £50m refurbishment project at 280 Bishopsgate in London for Arax Properties
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In an update on their current trading, the firm wrote: "All our projects have been fully operational since the start of the financial year on 1 July 2020 with productivity at near normal levels and we are continuing to operate normally during the second national lockdown.
"The Group is performing well, in line with the Board's expectations, with an excellent first half year average month end cash position towards the upper end of previous guidance of £125m-£145m. The Board expects the Group to return to profitability in the first half of this financial year and a resumption of dividend with the interim results.
"Our strategy and sector focus mean that the Group is positioned to emerge strongly from the pandemic, supporting the Government's planned investment in infrastructure and economic recovery. We welcome the Government's support for the construction sector continuing to operate. Our staff, suppliers and clients' health, safety and wellbeing remain our top priority.
"The Group's strategy is focused on robust risk management, sustainable growth, careful cash management and margin progression. The Group is well capitalised with no debt, no pension liability, a portfolio of PPP assets, and a strong order book and is making good progress on its strategic priorities and the financial targets set out in September 2020, including expected reinstatement of dividend."
