{"id":603959,"date":"2023-02-02T19:49:16","date_gmt":"2023-02-03T01:49:16","guid":{"rendered":"https:\/\/news.sellorbuyhomefast.com\/index.php\/2023\/02\/02\/4-75m-building-work-provision-tips-higgins-into-the-red\/"},"modified":"2023-02-02T19:49:16","modified_gmt":"2023-02-03T01:49:16","slug":"4-75m-building-work-provision-tips-higgins-into-the-red","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2023\/02\/02\/4-75m-building-work-provision-tips-higgins-into-the-red\/","title":{"rendered":"\u00a34.75m building work provision tips Higgins into the red"},"content":{"rendered":"
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The legacy jobs from the partnership side saw the group record a pretax loss of \u00a35.4m after a \u00a3200,000 profit in the prior year.<\/p>\n

Revenue in the year to July 2022 was up 39% to \u00a3210m, helped by a surge in post Covid lockdown activity.<\/p>\n

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This saw average headcount jump by around 90 staff to 318 as the firm took expanded contract teams.<\/p>\n

Chairman Richard Higgins said: \u201cDuring the period it has become clear that some of the historic projects of the group were not built in accordance with the current interpretation of building regulations.<\/p>\n

\u201cIn all cases we have sought to cooperate with the clients to agree a strategy for rectification.<\/p>\n

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\u201cAn allowance has been made in the period of \u00a34.75m to cover the costs of these works across the relevant sites. \u201d<\/p>\n

He added that despite the present market challenges, Higgins was now reaping the benefits of steps taken in previous financial years to position itself more suitably for the future.<\/p>\n

He said: \u201cHiggins Partnerships and Higgins Homes have first class relationships throughout their operational area of London and the Home Counties and uses this to seek out strategic partnerships within the area.<\/p>\n

\u201cThe continued support of housing associations and local authorities has seen the group land multiple new opportunities.\u201d<\/p>\n

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Read More<\/a>
\n Aaron Morby<\/p>\n","protected":false},"excerpt":{"rendered":"

The legacy jobs from the partnership side saw the group record a pretax loss of \u00a35.4m after a \u00a3200,000 profit in the prior year. Revenue in the year to July 2022 was up 39% to \u00a3210m, helped by a surge in post Covid lockdown activity. This saw average headcount jump by around 90 staff to<\/p>\n","protected":false},"author":1,"featured_media":603960,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4299,118743],"tags":[],"class_list":{"0":"post-603959","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-building","8":"category-provision"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/603959","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=603959"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/603959\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/603960"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=603959"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=603959"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=603959"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}