{"id":142487,"date":"2024-08-01T10:26:03","date_gmt":"2024-08-01T09:26:03","guid":{"rendered":"https:\/\/www.pbctoday.co.uk\/news\/?p=142487"},"modified":"2024-08-01T10:26:03","modified_gmt":"2024-08-01T09:26:03","slug":"sir-robert-mcalpine-loss-nearly-110m-loss-in-2023","status":"publish","type":"post","link":"https:\/\/www.pbctoday.co.uk\/news\/hr-skills-news\/sir-robert-mcalpine-loss-nearly-110m-loss-in-2023\/142487\/","title":{"rendered":"Sir Robert McAlpine suffered loss of nearly \u00a3110m in 2023"},"content":{"rendered":"<h2>Sir Robert McAlpine construction have published their financial results for 2022-23, showing 2023 to be their toughest year in a while<\/h2>\n<p>The financial results for Sir Robert McAlpine have been published for the year 2022-2023, and show a rough year for the construction company.<\/p>\n<h3>2023 was a major drop on the previous year<\/h3>\n<p>Although the company achieved a profit of \u00a39.6m in 2022, 2023 saw a drastic drop to an operating loss of \u00a3109.9m in 2023<\/p>\n<p>The company also saw an annual turnover of \u00a3880.6m, down from 2022&#8217;s \u00a31,086.9m. All contributes to mark a 17% decline in revenue over the year.<\/p>\n<p>Sir Robert Mcalpine&#8217;s loss was supported during this difficult year, as the McAlpine family decided to inject \u00a360m into the company, and started a static review to ensure that the company was focusing on key markets.<\/p>\n<h3>Despite Sir Robert McAlpine&#8217;s losses, the company is positive for the future<\/h3>\n<p>The company is remaining positive that better times lie ahead, emphasising that in spite of the set backs, they ended the year with \u00a3100.8m, without debt.<\/p>\n<p>They have also been quick to highlight that the first half of 2024 has seen positive trading, with \u00a3105m in cash and an <a href=\"https:\/\/www.pbctoday.co.uk\/news\/energy-news\/agratas-sir-robert-alpine-produce-gigafactory-somerset\/141898\/\" target=\"_blank\" rel=\"noopener\">order book<\/a> consisting of \u00a31.4bn, already an increase of \u00a3271m since 2023.<\/p>\n<p>The company is now focusing on <a href=\"https:\/\/www.srm.com\/about-us\/our-approach\/\" target=\"_blank\" rel=\"noopener\">operational excellence<\/a>, key client relationships, risk management, profitability, and culture, and is now running on a sector-focused operating model.<\/p>\n<p>Sir Robert McAlpine&#8217;s chief executive officer, Neil Martin, said: &#8220;We faced a challenging year in 2023, but our resilience and the support of our shareholders allowed us to weather the storm. We have already seen a positive shift in performance in the first half of 2024. Thanks to our focus on operational excellence and on targeting quality work-winning opportunities for long-term clients in our core sectors, we are playing to our strengths.<\/p>\n<p>&#8220;As the company celebrates its 155th Anniversary this year, I have every confidence that the business is on the right path for long-term success.&#8221;<\/p>\n<div class=\"mk-custom-module-container\">\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Sir Robert McAlpine construction have published their financial results for 2022-23, showing 2023 to be their toughest year in a while.<\/p>\n","protected":false},"author":32,"featured_media":142493,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[285],"tags":[277],"stakeholder_rel_tag":[],"contributor_rel_tag":[],"class_list":{"0":"post-142487","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-hr-skills-news","8":"tag-built-environment"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v26.9) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Sir Robert McAlpine suffered loss of nearly \u00a3110m in 2023<\/title>\n<meta name=\"description\" content=\"Sir Robert McAlpine construction have published their financial results for 2022-23, showing 2023 to be their toughest year in a while\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.pbctoday.co.uk\/news\/hr-skills-news\/sir-robert-mcalpine-loss-nearly-110m-loss-in-2023\/142487\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sir Robert McAlpine suffered loss of nearly \u00a3110m in 2023\" \/>\n<meta property=\"og:description\" content=\"Sir Robert McAlpine construction have published their financial results for 2022-23, showing 2023 to be their toughest year in a while\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.pbctoday.co.uk\/news\/hr-skills-news\/sir-robert-mcalpine-loss-nearly-110m-loss-in-2023\/142487\/\" \/>\n<meta property=\"og:site_name\" content=\"Planning, Building &amp; 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