Robertson Group bounces back with £588m turnover

Elliot Robertson

Stirling-based construction and infrastructure firm Robertson Group has reported a “bounce back in performance” following the pandemic with £588 million in turnover for the 12 months to June 30, 2021, compared to a 2020 result of £650 million turnover for a 15-month period.

Robertson reported a profit before tax of £16.9 million compared to a 2020 result of £1.2 million for 15 months.

Cash at year end rose to £155 million from £116 million.

The family-owned company reported a healthy order book for the current and next financial year.

Robertson Group CEO Elliot Robertson said: “The group has illustrated its strength in the marketplace and the resilience of its teams to deliver a strong set of results and quality of earnings in what continues to be challenging times for both our industry and the wider economy.

“Having taken the decision last year to extend our reporting period by three months we have been able to provision for the challenges imposed by covid-19 and position ourselves well for recovery.

“The group offers delivery of excellent quality products and services, with strong operational performance, which in our competitive marketplaces is one of our key differentiators.

“Our focus as we move forward will be on delivering on our group strategic objectives which are centred around meeting the needs of our customer, developing our people and moving towards higher levels of sustainability, responsible business and continuous improvement in all that we do, whilst retaining strong governance and risk management.

“We are challenged by the current climate of price inflation and material and labour availability however through our strong supply chain partnerships and our ongoing commitment to developing our talented people, together with rewards, and retention strategies, we are resolute in our confidence that the year ahead will have positive outcomes for the business.”

The firm said its Robertson Capital Projects business is making progress with its “Clear Futures” program, which is a 25 year Strategic Partnering Agreement “designed to help public sector bodies to overcome the issues and constraints that prevent progress towards sustainable development and services, and positive economical, societal and environmental impact.”

Robertson Construction Group completed an £87 million project for Boeing to provide new hanger facilities at RAF Lossiemouth to house the new fleet of Poseidon aircraft and the £53 million community campus at Inverurie.

Robertson Facilities Management (RFM) continues to form a core part of the group’s growth — involving an extensive portfolio of long-term public sector customers across healthcare, education and commercial facilities.

RFM turnover is now £94 million and the division employs 1,400 people.

Urban Union had its first year as a wholly owned subsidiary of the Robertson group.

Urban Union focuses on urban regeneration and currently operates from four developments across Edinburgh and Glasgow and Robertson Group said: ” … there is significant scope to continue to expand the brand as it gains strength in the market through an excellent product offering.”

 

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Mark McSherry
Dalriada Media LLC sites are edited by veteran news journalist Mark McSherry, a former staff editor and reporter with Reuters, Bloomberg and major newspapers including the South China Morning Post, London's Sunday Times and The Scotsman. McSherry's journalism has also appeared in The Washington Post, The Guardian, The Independent, The New York Times, London's Evening Standard and Forbes. McSherry is also a professor of journalism and communication arts in universities and colleges in New York City. Scottish-born McSherry has an MBA from the University of Edinburgh and a Certificate in Global Affairs from New York University.