黑洞社区

Skanska has said it has no plans for a rethink on paying back furlough cash 鈥� despite handing over more than 拢16m in dividend payments to its parent last year.

The figure was disclosed in the firm鈥檚 report and accounts for Skanska UK which were filed at Companies House earlier this month.

The issue of whether firms in receipt of taxpayers鈥� cash should pay the money back ahead of paying dividends has divided opinion with several firms including Morgan Sindall, Galliford Try, Balfour Beatty and Travis Perkins confirming they handed the money back before resuming dividend payments.

Morgan Sindall boss John Morgan has been a persistent critic of firms paying out dividends ahead of paying back taxpayers鈥� cash. 鈥淭aking government money because you need it is one thing,鈥� he told 黑洞社区 in 2020. 鈥淭aking it and giving it to shareholders isn鈥檛 what it鈥檚 designed for. If you鈥檙e doing that, the company probably didn鈥檛 need the money.鈥�

Another firm which decided to pay back the money it received was listed ground engineer Keller and asked about its decision earlier this year, chief executive Michael Speakman said: 鈥淚t was just the right thing to do.鈥�

But some have decided not to pay the money, despite handing out dividends with one, architect BDP, paying its Japanese parent a 拢16m dividend 鈥� despite claiming 拢700,000 in furlough cash.

Skanska has claimed 拢4.3m over two years in furlough cash, including 拢300,000 last year, paying 拢16.1m in dividends to its Swedish parent last year and, according to its 2020 accounts, a further 拢35m in dividends across 2019 and 2020.

The firm told 黑洞社区 its position 鈥渋n respect of furlough monies remains unchanged鈥� 鈥� a reference to a previous statement it issued last July which said: 鈥淲e are not planning to return the government鈥檚 furlough contribution.鈥�

In that statement, it added that it had provided 鈥渆xtra paid dependants leave for those who have needed to take time to support their families; giving an extra day鈥檚 holiday to all employees to recognise their efforts during the pandemic; and topping up the government鈥檚 furlough contribution for all affected employees, including a top up to 100% for our lower paid people鈥�.

Officially called the Coronavirus Job Retention Scheme, the furlough scheme finished at the end of last September with 11.7 million jobs furloughed. The number of people on furlough peaked in early May 2020 at 8.9 million. It is estimated to have cost the government 拢70bn, according to figures published by HMRC.