Clegg ‘kept back’ by tradition fixed-price agreement concerns
The sticking around impact of historic fixed-price agreements struck Clegg Holdings' bottom line in 2015.The professional's yearly represent the 2023 fiscal year, submitted on Monday (23 September) on the Companies House site, revealed that pre-tax earnings fell by 61 percent to ₤ 520,200, below ₤ 1.4 m in 2022.Earnings stopped by 3.7 percent from ₤ 165.6 m to ₤ 159.3 m in the year to 31 December 2023.As an outcome, the company's margin narrowed from 0.8 percent in 2022 to 0.3 percent the list below year.In the group accounts, business directors stated "strong trading" for Clegg Construction in 2015 was "kept back by the conclusion of staying fixed-price agreements protected in earlier years".These agreements, which were participated in 2020, "had actually been impacted by external aspects...