{"id":853037,"date":"2025-06-03T09:11:52","date_gmt":"2025-06-03T14:11:52","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/06\/03\/uncertain-times-hit-concrete-frame-specialists-bottom-line\/"},"modified":"2025-06-03T09:11:52","modified_gmt":"2025-06-03T14:11:52","slug":"uncertain-times-hit-concrete-frame-specialists-bottom-line","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/06\/03\/uncertain-times-hit-concrete-frame-specialists-bottom-line\/","title":{"rendered":"\u2018Uncertain times\u2019 hit concrete frame specialist\u2019s bottom line"},"content":{"rendered":"
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\"Concrete_shutterstock-1.jpg\"<\/p>\n

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Getjar has seen its turnover almost halve over the past year, its latest accounts show.<\/p>\n

The concrete-frame specialist posted a 42 per cent drop in turnover from \u00a3124m to \u00a371.6m over the past year.<\/p>\n

Its latest accounts, for the year ending 31 August 2024, show its pre-tax profit dropped 12.3 per cent over the year from \u00a32m to \u00a31.7m.<\/p>\n

This was the fourth consecutive annual fall since the firm posted a profit of \u00a34.8m in its 2020 financial year.<\/p>\n

Hertfordshire-based Getjar, which is a subsidiary of construction group Masterson<\/a>, said it had been impacted by \u201cuncertain times\u201d.<\/p>\n

In the accounts, director Michael Masterson said: \u201cWe live in uncertain times where profit margins remain challenging. There is also reduced demand in our sector and despite that we see continuing price increases in materials, labour, plant and support costs.\u201d<\/p>\n

However, he said the firm had increased its order book. \u201cOur current contracts are progressing satisfactorily and our financials remain strong,\u201d he said.<\/p>\n

\u201cOur order book has increased and we have an encouraging tender pipeline and we project continuing profits.\u201d<\/p>\n

Getjar, which was a \u00a0Construction News<\/em> top 10 concrete specialist<\/a> last year, increased its dividend payout by 39 per cent over the period from \u00a31.8m to \u00a32.5m.<\/p>\n

However, the accounts added that \u201cthe directors do not recommend payment of a final dividend\u201d.<\/p>\n

The firm had no external loan debts or overdrafts.<\/p>\n

Getjar\u2019s accounts showed that the firm reduced its monthly average headcount from 87 to 70 employees, which led to a significant cut in its wage bill from \u00a35.8m to \u00a34.1m.<\/p>\n

Its cash at bank and in hand increased from \u00a39.1m to \u00a312.6m.<\/p>\n

\u201cThe company has considerable financial resources without the need to resort to bank or any other form of borrowing and it has a substantial order book for the 12 months from the date of approval of these financial statements,\u201d the accounts said.<\/p>\n

\u201cAs a consequence, the directors believe that the company is well placed to manage its business risks successfully and will continue in operational existence for the foreseeable future.\u201d<\/p>\n<\/div>\n

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At CN Intelligence you can view and filter seven years\u2019 worth of detailed financial information on the top UK construction firms via our interactive dashboards. Access in-depth written analysis of the numbers along with targeted data and analysis on specialist contractors.<\/p>\n<\/div>\n<\/div>\n<\/div>\n

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Related Article<\/h3>\n<\/p>\n<\/section>\n<\/div>\n

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

Getjar has seen its turnover almost halve over the past year, its latest accounts show. The concrete-frame specialist posted a 42 per cent drop in turnover from \u00a3124m to \u00a371.6m over the past year. Its latest accounts, for the year ending 31 August 2024, show its pre-tax profit dropped 12.3 per cent over the year<\/p>\n","protected":false},"author":1,"featured_media":853038,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[849,22935],"tags":[],"class_list":{"0":"post-853037","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-times","8":"category-uncertain"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/853037","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=853037"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/853037\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/853038"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=853037"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=853037"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=853037"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}