Severfield turns back on furlough cash as firm’s interims defy covid gloom

By Dave Rogers2020-11-24T09:52:00

Farrat CPD June 2019 22 Bishopsgate during construction with Farrat Thermal Break in-situ, courtesy of Severfield

Revenue and underlying profit jump at steelwork contractor

Steelwork contractor Severfield has become the latest firm to turn its back on cash it could have claimed under the government’s furlough initiative when it announced a strong set of half year results this morning.

The firm, which is helping build new stands at Premier League club Fulham’s Craven Cottage stadium as well as Lord’s cricket ground, was forced to furlough staff at the height of lockdown but said it had not claimed support it was entitled to under the Coronavirus Job Retention Scheme.

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