McAlpine delivers significant social value despite more than £100m loss

Sir Robert McAlpine delivered £997m in total social impact across local communities, according to its financial results for 2022-23.

The announcement comes as the company revealed a 17% decline in revenue and operating loss of £109.9m in 2023. 

Annual turnover was £880.6m in 2023, compared to £1,086.9m in 2022.

Despite the challenging financial year, the company said its outlook for 2024 is positive, with a continued focus on delivering value for clients and local communities.

According to its latest strategic report, Sir Robert McAlpine said it has focused on delivering “meaningful social value by responding directly to client needs and stakeholder input”. 

The company’s sustainability strategy includes a social value pillar, which it describes as a commitment to “purpose beyond profit”.

This includes creating jobs, providing apprenticeships, increasing charitable donations and offering enhanced mental health support.

The company conducts community assessments and monitors total social impact to support benefits for local communities. 

Neil Martin, CEO of Sir Robert McAlpine, said: “We faced a challenging year in 2023, but our resilience and the support of our shareholders allowed us to weather the storm. We have already seen a positive shift in performance in the first half of 2024. 

“Thanks to our focus on operational excellence and on targeting quality work-winning opportunities for long-term clients in our core sectors, we are playing to our strengths. 

“As the company celebrates its 155^th anniversary this year, I have every confidence that the business is on the right path for long-term success.”