Despite England going into a second lockdown tomorrow, the contractor said the latest restrictions across the UK will have “minimal impact” on the business.

In a trading update issued this morning, the firm predicted full year results to December 31 2020 will be “slightly above” the £60m forecast this summer. It also declared an interim dividend of 21.0p per share, in line with 2019’s interim dividend.

Chief executive John Morgan said: “Following the disruption earlier in the year, all of the group’s activities are now fully operational again and delivering high levels of productivity. We welcome the prime minister’s clear statement that construction activity should continue through the new lockdown restrictions in England for November and we anticipate operating safely throughout with minimal impact.

“Our high-quality secured workload gives us good visibility for the rest of the year and as such, we now expect to deliver a full year performance slightly above the top end of our previous expectations.

“Our strong cash generation, position and balance sheet remain key differentiators. These, together with the improved outlook for the year, have enabled us to repay furlough monies and resume dividend payments as declared today.

“Despite the uncertainty that the pandemic brings, we have a sound platform for future growth with the group geared towards future demand for affordable housing, urban regeneration and infrastructure and construction investment.”