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Tue September 29 2020

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Heyrod bounces back

30 Aug 11 Oldham-based Heyrod Construction saw its turnover fall 44% in the year to 31 March 2011 and pre-tax profit fall 97%.

Turnover was £14.5m, down from £26m in 2010. Pre-tax profit was just over £64,000, down from £2.1m in 2010.

Staff numbers were cut from 261 to 114 during the year, reducing the wage bill from £8.9m to £4.4m.

However, Heyrod is already bouncing back and expects to generate turnover close to £35m this year, with £25m or work already secured. Current contracts include the Scottish National Arena on behalf of Bovis as the company continues its expansion out of the northwest.

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