Home Commercial News Target of 2% margin from Galliford Try slipped to 2022

Target of 2% margin from Galliford Try slipped to 2022

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Galliford Try succeeds Coventry student halls works worth £25m

The independent contracting group Galliford Try has pushed its operating margins to a year ahead of the estimated timeframe. With the building and civil engineering operations passing through, there’s a note a pre-exceptional loss of £6.7m from its ongoing operations in the first half. The company also revealed the loss was at the disposal of the house building arm.

The Chief executive, Bill Hocking said the postponement to 2022 for a return to 2% margins is because the business was now concentrated on sustainable bottom-line growth. The potential risks from coronavirus made the Galliford Try staff in payroll and IT offices to work from home, he said. On the other hand, the Construction Union in the UK raises concerns on sick pay rights.

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