Company rebounds from 2020 hit by covid

Profit at Aecom rebounded last year more than tripling to over 拢20m, according to its latest report and accounts.

It said 2020鈥檚 results had been impacted by the cost of covid-19 which saw it cut jobs, introduce voluntary pay cuts and leave office space it didn鈥檛 need any more. 鈥淭hese activities were not replicated in 2021,鈥� it added.

aecom index

Aecom鈥檚 main UK office is in Aldgate on the edge of the City

As a result, the firm said pre-tax profit in the year to 1 October rose to 拢20.6m from 拢6m last time.

It said that it claimed 拢306,000 in furlough money from the government鈥檚 Coronavirus Job Retention Scheme 鈥� down from 拢2.9m 鈥� while according to the firm鈥檚 accounts, which have now been filed at Companies House, Aecom paid 拢79,000 鈥渋n respect of aggregate compensation relating to directors of the company鈥elating to their retirement from office鈥�.

It said that it had also used the government鈥檚 VAT deferral scheme and paid back the amount it owed before the year end.

The bulk of its business is from work in the UK with 拢363m coming from its home market with the remainder from Europe and the Middle East. Overall turnover was down 6% to 拢450m.

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