Robertson Group reports a year of ‘positive progress and trading’

Family owned construction, development, infrastructure and support services business, Robertson Group, has reported a “year of positive progress and trading with a solid balance sheet and capital base”.

The company’s results show a bounce back in performance following challenges from the pandemic of £588 million turnover in 12 months to 30 June 2021 (2020: £650 million – 15 month period). Profit Before Tax (PBT) was £16.9 million (2020: £1.2 million – 15 months).

Robertson Facilities Management (RFM) continues to form a core part of the group’s growth and value strategy, delivering FM solutions across the UK to an extensive portfolio of long-term public sector customers across healthcare, education, and commercial facilities. The business which employs over 1,400 people, experienced 24 per cent growth in turnover to £94 million.

Robertson Construction Group delivered robust trading and a turnover of £462 million. The business has 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 award winning £53 million community campus at Inverurie.

Robertson Capital Projects is making “real progress” with Clear Futures 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.

Urban Union had its first year as a wholly owned subsidiary of the Group. Focussing on urban regeneration and currently operating from four developments across Edinburgh and Glasgow the group says there is “significant scope to continue to expand the brand” as it gains strength in the market through an “excellent product offering”.

The group has also reported a healthy order book for the current and next financial year with its 2022 order book secured and on track to achieve budget at both turnover and PBT level.

The net worth of the group now stands at £76 million, up from £62 million at the end of 2020.

Elliot Robertson, Chief Executive Officer, Robertson Group, 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.”