Problem jobs keep Amey firmly in red

By Dave Rogers2021-06-16T09:41:00

Firm hit with £50m in losses on waste management jobs

Amey narrowed pre-tax losses last year but the firm still ended up nearly £100m in the red as the company counted the cost of a series of problem jobs which landed it with a bill of more than £60m.

It said it has been forced to shell out close to £50m to cover losses on two waste management contracts at Milton Keynes and the Isle of Wight while it has racked up a £10m hit on a highways maintenance contract it is carrying out in Sheffield for the city council.

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