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More losses for Higgins

Accounts posted by Higgins Group show a fourth loss-making year out of the past five.

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Higgins hands over to the third generation – and cuts jobs

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Higgins reveals loss after booking £4 7m provision to fix old work

Higgins Group has reported an annual loss after booking a £4.75m provision to cover remediation work on old residential schemes. The Essex-headquartered

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Higgins suffers second annual loss

Higgins Group suffered a £3.1m pre-tax loss last year as the COVID-19 pandemic took its toll. The residential contractor and housebuilder’s loss for the year ending 31 July 2020 followed a £4m loss the previous year. Revenue also plunged more than a fifth for the Essex-based firm, falling from £219.9m in 2019 to £168.3m last year. The company attributed the loss and the fall in workload to the pandemic. Chairman Richard Higgins said: “The results for the group were affected by a number of key projects that were anticipated to start but, due to the outbreak of a global pandemic, were delayed. Furthermore, the national lockdown saw complete closure of our existing sites for several weeks.”

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