Firm racked up 拢6.4m pre-tax loss in 2018

RG-Carter_Digital-Aviation-Research-and-Technology-Centre-_Cranfield-University_Credit-Burrell-Foley-Fischer-LLP-620x330

Source: Burrell Foley Fischer

Regional contractor RG Carter slumped to a pre-tax loss of 拢6.4m last year with the Norwich-based contractor laying the blame with a problem contract for crashing into the red.

The firm declined to name the job but chairman Robert Carter said 鈥渢he financial reward we have received on the successful delivery of a long term project has not matched the effort and skills expended鈥�.

He added the firm, which recorded a 拢2.2m pre-tax profit in 2017, was speaking to the client on the job and 鈥渨e are hopeful that the position will be rebalanced to some extent鈥�.

Turnover in the year to December 2018 was up 11% to 拢270m. Underlying pre-tax profit during the period was 拢2m, down from 拢2.5m in 2017.

Last month, RG Carter won a 拢65m deal to build an aviation research centre (pictured) in Bedford for Cranfield University.

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