Galliford Try Holdings plc AnnualReportand FinancialStatements 2021
People-orientated, progressive and values-driven
In this report
Strategicreport
2 Ourbusinessataglance
- Ourbusinessmodel
- Ourinvestmentcase
- Chairman'sstatement
- ChiefExecutive'sreview
- Marketreview
- Ourstrategy
- Q&AwiththeChiefExecutive
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Operatingsustainably 23 Peopleandculture 26 Healthandsafety
28 Environmentandclimatechange 31 Supplychain
32 Clients
33 Communities
34 Humanrightsandmodernslavery
- Riskmanagement
- Financialreview
- Operatingreview
- Stakeholderengagementands172(1)statement
Governance
54 Chairman'sreview
- DirectorsandExecutiveBoard
- Governancereview
- NominationCommitteereport
- AuditCommitteereport
- RemunerationCommitteereport
- Directors'RemunerationPolicyreport
- Annualreportonremuneration
- Directors'report
- Statementofdirectors'responsibilities
Financialinformation
- Independentauditors'report
- Consolidatedincomestatement
- Consolidatedstatementof comprehensiveincome
- Balancesheets
- ConsolidatedandCompanystatements ofchangesinequity
- Statementsofcashflows
- Notestotheconsolidatedfinancialstatements
- Five-yearrecord(unaudited)
- Shareholderinformation
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About Why us Sectors Sustainability Careers Investors News
We are a people-orientated, progressive business, driven by our values
Visit our Results Centre to watch our results presentation &
About us
Galliford Try is one of the UK's leading construction groups, working to improve the UK's built environment and delivering lasting change for the communities we work in
Read more &
Visit: www.gallifordtry.com for more information.
Cover photo: The Exchange, Birmingham.
Financialperformance
Revenue
£1,124.8m
(2020: pre-exceptional £1,089.6m and statutory £1,121.6m)
Operating profit before amortisation
£10.1m
(2020: pre-exceptional loss £62.2m and statutory loss £37.1m)
Profit before tax
£11.4m
(2020: pre-exceptional loss £59.7m and statutory loss £34.6m)
Dividend per share
4.7p
(2020: nil)
Net cash
£216.2m
(2020: £197.2m)
Keydevelopmentsintheyear
Successfully transitioned to a leading UK construction business.
Embedded excellent culture, with teams aligned to our purpose.
Published our net zero carbon ambitions.
Strengthened foundations of risk management and contract discipline.
Performed strongly: controlled
growth, cash generation and improved margins.
Returned to profitability and reinstated dividends.
Excellent order book and strongly positioned to contribute to the UK's economic recovery.
Strategyupdate
Our updated strategy elevates our ambitions and aligns profit with purpose. Sustainability driven by digitalisation, decarbonisation and social value, is at its heart, responding to stakeholder needs and increasing the long-term operational and financial resilience of the organisation.
Ourstrategyp18
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Sustainable growth
Overthelastyear,wehaveemergedstronger, returningtoprofitabilityandconfirmingour positionasaleadingUKconstructiongroup, despitethechallengesofthepandemic.
Ourupdatedstrategywillensurethatwe developourbusinessinasustainableand profitableway,whiledeepeningour commitmenttoaprogressiveculture, sociallyandenvironmentallyresponsible delivery,qualityandinnovation.
Our purpose, vision and values shape our culture, proactively guiding our day-to-day activities, keeping us focused on what's important and delivering long-term sustainable value for our stakeholders.
Bill Hocking
Chief Executive
Ourstrategyp18
Ourpurpose
To improve people's lives by building the facilities and infrastructure that communities need while providing opportunities for our people to learn, grow and progress; working with our supply chain to promote the very best working practices; and caring for the environment in which we work.
Ourvision
To be a people-orientated, progressive construction business, driven by our values to deliver for our stakeholders and the communities we work in.
Ourvalues
Excellence
Striving to deliver the best.
Passion
Committed and enthusiastic in all we do.
Integrity
Demonstrating strong ethical standards with openness and honesty.
Collaboration
Dedicated to working together to achieve results.
AnnualReportandFinancialStatements2021
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Our business at a glance
A progressive UK construction business
Wearepassionateaboutourroleinprovidingvitalbuildingsand infrastructureacrossthecountry,committedtotheideathatwhat wedomakesarealdifferencetopeople'slives.
Whatwedo
OperatingasGallifordTryandMorrisonConstruction,ourcorecapabilitiesaredelivered throughourBuildingandInfrastructuredivisions,complementedbyPPPInvestmentsand FM.Wehavealeadingpositioninthepublicandregulatedsectorsandactivelytargetand maintain places on some of the most significant frameworks (page 48). We focus on sectors wherewehavecoreandprovenstrengthsandworkcollaborativelywithcarefullyselected clientsandsupplychainpartners.
Operatingreviewp46
Building
isfocusedonthehealth,education anddefencesectorsandalsoserves commercialclients.
PPPInvestments
deliversmajorbuildingandinfrastructure projectsthroughpublic-privatepartnershipsandco-development opportunities,generatingworkfor
thewiderbusinessintheprocess.
Infrastructure
carriesoutcivilengineeringprojects, specialisinginthehighwaysand environmentsectors.
FacilitiesManagement(FM)
workswithBuilding,withanemphasison theeducationandhealthsectors,allowingus toprovidehigh-quality,fulllife-cyclesolutions toourclients.
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Wherewedoit
Our network of regional offices offers clientsnationalstrengthwithlocal delivery.Infrastructureoperates nationally,withBuildingoperating acrosstheUKthroughnineregions.
AreasofBuildingofficelocations
- Morrison Construction Highland
- Morrison Construction North East
- Morrison Construction Central
- Building North East & Yorkshire
- Building North West
- Building West Midlands & South West
- Building East Midlands
- Building London & South East Commercial
- Building Southern
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AnnualReportandFinancialStatements2021
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Disclaimer
Galliford Try plc published this content on 30 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 October 2021 11:41:07 UTC.