North Midland Construction plc provided earnings guidance for the full year ending December 31, 2014. The resolution of certain legacy contracts in the Building & Civil Engineering division, as referred to in the half year statement issued on 22 August 2014, has now been concluded and the settlement figures expected have not been achieved, resulting in additional total losses of £700,000. This leaves a total of 3 problematical legacy contracts to conclude and a further prudent review has led to additional provisions of £2.0 million being made.

However, the underlying profitability and revenues of the business for the current year continue to improve and are ahead of management's previous expectations.