The Group maintained a strong financial position throughout the year. Our net cash at the year end increased significantly by £140m to £333m, and our average daily net cash was £181m, up from £109m in the prior year. We had a successful year of winning new work, with a total secured workload at the year end of £8.3bn, up 9% from the previous year. We are well positioned for growth in 2021 and expect a result materially ahead of previous expectations and slightly ahead of that delivered in 2019.

Steve Crummett

Finance Director