One of the UK's biggest construction firms has revealed losses of £245 million wand warned that revenue would flatline.

It is no secret that Kier Group, which has a base in Gloucestershire and recently re-clad the county council's headquarters and built the Gloucester Transport Hub, has been battling to turn its business around.

Earlier this year it revealed a new chief executive, Andrew Davies, who promptly launched a plan to rescue the business which included the sale of its house-building arm and a possible 1,200 job losses.

And with its most recent results, just released, it has also announced the hunt for a new chairman to lead the business as it pushes ahead with contracts with the Highways Agency and the High Speed 2 railway line.

The £245 million loss for the 12 months to the end of June follows last year's £106 million profit, however Mr Davies said he remained confident the company could pull through.

Mr Davies said: "Kier experienced a difficult year, resulting in a disappointing financial performance. However, we are building firm foundations for the future: we have a new management team in place, we have defined our strategic priorities and we are taking decisive actions to deliver them.

"We have a strong order book, reflecting the strength of the underlying business, the quality of our people and the group's capabilities.

"The sale of Kier Living is progressing well and we are exploring options to accelerate the release of capital from our property business.

"The re-shaping of the group is designed to reduce its overall indebtedness during FY2020 and to restore Kier to robust financial health."

Brexit, said the firm, had the potential to disrupt its operations - particularly in relation to its supply chain, people and materials.

It had, it said, set up a Brexit task force and also warned that confusion around the UK's departure from the EU could delay decisions from clients.