Firm eyes growth in 2021 after Brexit and pandemic hit – Insider Media

A Birmingham company, which has worked with the likes of Crest Nicholson, Willmott Dixon and Persimmon Group, is targeting a return to growth in 2021 after being hit by Brexit uncertainty and the Covid-19 pandemic.

Dunton Environmental operates two fixed waste treatment facilities in the Midlands which aim to treat and recycle contaminated waste for recovery back into the construction sector.

The company has revealed that it is expecting its results for the year to November 2020 to be below the prior 12 months because of Brexit uncertainty in the first quarter of the year and the on-going pandemic.

Its results for 30 November 2019, which have just been filed, were also hit by Brexit concerns.

The documents posted on Companies House show the company's revenue dipped from 14.1m to 12.3m while its pre-tax profits went from 448,721 to 246,152.

A statement signed off by the board said: "The drop in turnover was primarily due to projects that were postponed or held back by clients due to Brexit uncertainty and the election called in December 2019.

"With the Brexit uncertainty continuing into the first quarter and the Covid-19 pandemic in the months of March through June, the Dunton Environmental forecast for 2020 is expected to be reduced on 2019.

"The strategic priorities of the business are to build brand, establish new market opportunities for 2021, maintain project gross margins while building robust systems and deliver projects that really focus on our unique selling points.

"The business will also focus on innovation at every operational level and particularly drive new technology development on soil and waste remediation to return to growth in 2021."

In April 2019, Dunton Environmental revealed plans to create up to 15 jobs a year after signing a new funding deal.

Read the original here:

Firm eyes growth in 2021 after Brexit and pandemic hit - Insider Media

Related Posts

Comments are closed.