Roofing firm says being called back to carry out repairs on one scheme sent it tumbling into red
Having to carry out repair work on a problem job helped send roofing firm Lindner Prater sinking to a 拢9m loss last year.
The firm said making a 鈥減rovision for remedial work on one significant project鈥 meant it slipped into the red in 2021 from a pre-tax profit of 拢6m for the year before.
Lindner Prater, which has been owned by German firm Lindner since it bought Prater in 2011, did not name the job but last year 黑洞社区 revealed that a flagship building built by Mace for broadcaster Sky in west London was having to be repaired because of a leaking roof.
Called Sky Central, the 拢220m building, designed by Amanda Levete鈥檚 practice AL_A, was completed in 2016 and has been showered with a host of accolades.
Lindner Prater was the original roofing contractor on the scheme but the flat roof of the 41,000 sq m building ended up being plagued by a series of leaks.
In its 2021 accounts, Lindner Prater said the firm had to make a series of job losses because of the impact of the pandemic which saw turnover for the year slip 36% to 拢35.6m. It said the fall in income was particularly severe at its unitised facades division.
The accounts also reveal that Lindner Prater and sister firm Prater merged into one company last April which it said 鈥渨ill provide a better and more comprehensive offer to our customers鈥 adding that the decision would also produce a series of cost savings.
It said its order book for this year was 鈥渟trong鈥 with the firm eyeing HS2, nuclear and other infrastructure schemes.
Over the summer, Lindner Prater rejigged its senior management team with chief executive Richard Unwin, who joined the company as a teenager in 1983, and long-standing operations director Mark English, who joined in 1986, both stepping down in July.
The firm said Gavin Hamblett, who has been with the business 16 years, would lead Lindner Prater as managing director having been first appointed to the role in 2015. At the same time, it added that Martin Schmidhuber, a former boss of Lindner鈥檚 operations in China, was joining the UK board 鈥渢o represent the Lindner Group鈥.
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