Fixed-price jobs see JRL losses top £80m in past two years after firm forced to restate 2022 accounts

By Dave Rogers2024-10-21T10:45:00

Firm sees £13m pre-tax profit turn into £47m loss after figures adjusted to take into account of rising materials and labour costs

JRL chairman John Reddington has admitted the past two years have been among the most challenging in its 27 year history after restating its 2022 accounts resulted in a £47m loss with the owner of Midgard staying firmly in the red last year with a £36m loss.

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