Firm hit by inflation and supply chain failures

Willmott Dixon has said it racked up a pre-tax loss of more than 拢5m last year.

The firm said its loss was before exceptional items 鈥� meaning the figure will change once it files it audited accounts at Companies House next week.

It said that turnover was flat at 拢1.2bn with construction revenue coming in at just over 拢1bn with its interiors arm posting income of 拢131m.

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Supply chain failures and inflation hit Willmott Dixon鈥檚 bottom line last year

In a statement, the firm said its loss before tax, goodwill and exceptional items was 拢5.2m from an 拢800,000 profit last time. Chief executive Graham Dundas, who took over the role from Rick Willmott earlier this year with Willmott becoming executive chairman said: 鈥淐ertain projects were materially impacted by the industry-wide problem of significant inflation, as well as key supply chain failures at critical times.鈥�

But it said it has enjoyed a strong start to the new year with new orders in the five months to the end of May standing at 拢700m. It added it had a record order book of 拢3bn at the end of April with cash at the bank up to 拢115m.

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