Financial results for the year ending 31 March 2020

Acivico Limited has filed its accounts for the year ending 31 March 2020 reporting a profit after tax of £4m, which is a significant achievement for the company on the back of some very challenging trading conditions.

Vicki Palazon, Interim Director of Finance and Resources said; ‘The results for the Group last year being a profit after tax of £4m, is a major improvement for the company. This achievement follows the introduction of a three year business plan and latest pension triennial review. The key themes to improve business efficiency, commercial growth, stopping non profitable activities and stabilisation of the company, have been at the forefront of our operating model. These results are the fruition of the hard work undertaken to date. The confidence can be seen with our Shareholder investing in the company to support the ongoing delivery of our business plan.’

Chris Hall, Group Managing Director further adds ‘This exceptional result is great news following some difficult trading conditions. Investing in our people, our systems and our processes enhances our reputation and repositions the company within our markets  This set of results is a reflection of the hard work that the business has put in and the continued commitment that they have shown in delivering services for our client base.  We are looking forward to the recently awarded accreditation for Approved Inspector services, along with our Constructing West Midlands Frameworks to offer future growth, aligned to our strategy.’