Sunday 6 November 2016

Lindner Facades racks-up another £4.8m loss

Curtain walling specialist Lindner Facades is targeting a turnover of £50m next year.

The prediction comes despite problem contracts pushing the specialist into the red again during 2015.

Lindner racked-up a pre-tax loss of £4,855,116 for the year to December 31 2015 following a £7,365,268 loss in 2014.

The company said the losses were “due to problems on a contract in Saudi Arabia”.

Turnover in 2015 hit £37m and Lindner is looking to grow that to £50m by 2017.

Lindner has landed a £24.5m deal for the complete cladding of a 50-storey resi tower at the Principal Place development in the City of London from Multiplex.

The package is set to start next year and is Lindner’s third win on the site.



from Construction Enquirer http://www.constructionenquirer.com/2016/11/07/lindner-facades-racks-up-another-4-8m-loss/

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