High-rise specialist sees turnover hit record figure
Hertfordshire contractor HG Construction saw turnover hit a record last year, in recently filed accounts at Companies House.
But pre-tax profit fell a third to 拢15m with the firm saying existing fixed price jobs had been hit by rises as a result of increased materials and energy costs while it added several contracts had been hit by delays in awarding them.
It admitted: 鈥淐onsequently, our margins have been reduced as we continue to support our supply chain, clients and deliver on contractual commitments.鈥�
