Galliford Try set to get back less than half its claim over Aberdeen road job

By Hamish Champ2019-09-11T07:05:00

Advisers warn contractor it will claw back only £100m

Galliford Try has been told by its advisers it should expect to claw back around £100m – less than half the amount it believed it was entitled to recover – over its problem Aberdeen road job.

Reporting its annual results today the contractor said the latest hit to its profit of £51m, up from £45m last year, included a further £26m write down on the Aberdeen Western Peripheral Route (AWPR) which it worked on with Balfour Beatty and, before it went bust last year, Carillion.

Galliford Try also posted a £7m hit over the Queensferry Crossing job and £5m in costs following the group’s move to restructure the business – leaving its construction business with a £62m operating loss for the year ended 30 June.

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