Company claimed £866,000 in furlough money, latest accounts reveal
Profit at Byrne Group slipped last year as the firm said the impact of covid-19 and a redundancy programme hit its bottom line.
The firm, which includes the Byrne Bros concrete arm and its building and fit-out business Ellmer, said it spent £1.6m on restructuring costs in 2020 on top of the £593,000 it shelled out the year before.
Byrne is carrying out piling, groundworks and concrete frame packages at this job for Santander in Milton Keynes
Pre-tax profit before exceptional items was £5.8m, down from £7m last time, with statutory pre-tax profit off 15% to £5.2m, with this figure including nearly £886,000 it received in furlough money under the government’s Coronavirus Job Retention Scheme..