Kier begins to hack into debt burden

By Dave Rogers2022-01-20T07:43:00

Number drops more than £200m at firm linked with Tilbury Douglas buy

Kier said its average month-end net debt has gone down and its order book gone up, in a trading update this morning ahead of its interim results.

The firm, which was this week linked with a move to buy Tilbury Douglas for up to £50m, said debt had reduced from £436m to below £200m thanks to the sale of its Kier Living housing arm and equity raise last year as well as ongoing cost savings.

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