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Wallsend building services firm John N Dunn impacted by Covid as losses widen

Building contractor John N Dunn Group says the pandemic had an important affect on its buying and selling as working losses widened to £769,422 remaining yr.

The newest accounts for the Wallsend-based company – which operates throughout northern England and Scotland – display turnover fell by means of 30% from £32.2m to £22.4m within the yr to the tip of March 2021.

Directors stated the company, which employs just about 250 other people, would have returned an working benefit had it no longer been for the affect of Covid and that now a price chopping workout would see it go back to benefit.

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Steven Bilclough, director at John N Dunn Group, stated: “The directors recognise that the economic climate remains challenging and the construction industry Is highly susceptible to liquidity and credit default risk, particularly with the ongoing uncertainty of Covid-19 and its potential impact on construction sites and sourcing supplies.

“Post yr finish restrictions inside the sector were minimum because the vaccine rollout continues, and building websites during the United Kingdom have remained open, with little affect at the corporate’s skill to proceed buying and selling.

“Trading for the year ending March-22 is expected to be at 85% of pre-pandemic levels but a stringent cost cutting exercise has been undertaken which is expected to see the business return to profit.”

Mr Bilclough stated the company had received numerous contracts right through the yr, together with renewables paintings.

Most lately, John N Dunn has finished floor works – together with trenches, bases and reinstatement works – for twin electrical car charging issues at Durham Cricket’s Riverside Stadium in Chester-le-Street in addition to a number of on the houses of gamers.

The two organisations have been introduced in combination by means of RMT Accountants & Business Advisors, which fits as an guide to each and which designed the monetary sides of the mission to profit from the incentives to be had for this sort of scheme.

Mr Bilclough stated: “Working with an iconic brand like Durham Cricket will be a real boost for us as we look to increase our presence in the thriving electric vehicle and renewable energy technology markets.

“The major housebuilders that we already work with are installing electric vehicle charging points in the new homes they’re building as
standard, and we already hold the Office for Zero Emission Vehicles accreditation required to carry out this work.

“With more and more individuals and businesses moving to electric vehicles, we can only see demand increasing for these services and we’re now training up more installation teams to ensure we have the resources required to meet the heightened levels of customer demand that we’re expecting.

“We also have a number of other service developments planned that offer a great deal of growth potential and we’re excited at where they could take us this year and beyond.”

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