Leeds engineering firm starts year in line with expectations

The Leeds-based firm's order book on December 31, 2020, was £677m, up from £651m the previous year.

Its Engineering Services order book stood at £583m, up from £549m in 2019.

Net debt and cash generation are also in line with the board's expectations, the firm added.

David Forbes, chairman of Renew, said: "Since the introduction of the latest national lockdown in early January 2021, we have experienced continuity in demand for our services across all our markets where our employees continue to implement strict Covid-19 precautions in line with Public Health England advice.

"The group's operations have remained largely unaffected and, based on our experiences to date, we do not anticipate any material impact on our financial performance."

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