Civils specialist M Lambe returns to profit
Civils specialist M Lambe returns to profit
Revenue to top £100m this year, driven in part by high inflation
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Revenue to top £100m this year, driven in part by high inflation
Revenue to top £100m this year, driven in part by high inflation
As a result revenue fell by around a fifth to £148m, but the firm remained profitable benefitting from earlier restructuring to deliver a £2.5m profit back from a £22m loss in the Covid-impacted 2020 accounts. The improved performance helped to chip away at the firm’s accumulated losses, now recorded at £158m. Following the stabilisation of the UK operations, the French parent group Spie SA has announced a strategic review of its UK business and will report on the outcome before the end ...
As a result revenue fell by around a fifth to £148m, but the firm remained profitable benefitting from earlier restructuring to deliver a £2.5m profit back from a £22m loss in the Covid-impacted 2020 accounts. The improved performance helped to chip away at the firm’s accumulated losses, now recorded at £158m. Following the stabilisation of the UK operations, the French parent group Spie SA has announced a strategic review of its UK business and will report on the outcome before the end ...
In the year to April 2022, revenue jumped 75% to £75m generating £5.5m pre-tax profit compared with £2.4m last year. The Chelmsford firm, which works for national and large independent house builders as well as developing some of its own sites, saw operating margin top 7%. Over the period staff numbers swelled to 186 and Anderson recently created 10 new job roles as part of its ongoing growth strategy. More senior new director roles in the construction arm of the business include Andrew Now...
In the year to April 2022, revenue jumped 75% to £75m generating £5.5m pre-tax profit compared with £2.4m last year. The Chelmsford firm, which works for national and large independent house builders as well as developing some of its own sites, saw operating margin top 7%. Over the period staff numbers swelled to 186 and Anderson recently created 10 new job roles as part of its ongoing growth strategy. More senior new director roles in the construction arm of the business include Andrew Now...
The £45m turnover Glasgow-based family business employs a team of 365 mechanical, electrical, and civil engineering staff. The business, which was established in 1986, has recently developed a renewables capability to support its own and its clients net zero ambitions. WGM’s client base includes Scottish Water, bp Pulse, Scottish Gas Networks and Arnold Clark. Recent projects include a £20m capital upgrade of Dalmarnock Wastewater Treatment Works and, with partners bp Pulse, the delivery...
The £45m turnover Glasgow-based family business employs a team of 365 mechanical, electrical, and civil engineering staff. The business, which was established in 1986, has recently developed a renewables capability to support its own and its clients net zero ambitions. WGM’s client base includes Scottish Water, bp Pulse, Scottish Gas Networks and Arnold Clark. Recent projects include a £20m capital upgrade of Dalmarnock Wastewater Treatment Works and, with partners bp Pulse, the delivery...
For the year ended February 2022, pre-tax profit recovered to £3m, although the business had to endure further losses from the main engineering arm. NG Bailey’s services division recovered quickly following the impact of the pandemic with increased turnover and profitability. Collectively the underlying operating profit, excluding goodwill amortisation, was £7.1m. Turnover for the division now accounts for almost half of the overall group. The expected longer recovery of the construction a...
For the year ended February 2022, pre-tax profit recovered to £3m, although the business had to endure further losses from the main engineering arm. NG Bailey’s services division recovered quickly following the impact of the pandemic with increased turnover and profitability. Collectively the underlying operating profit, excluding goodwill amortisation, was £7.1m. Turnover for the division now accounts for almost half of the overall group. The expected longer recovery of the construction a...
Last Updated on October 16, 2022 by Admin In this blog post, we have explored Civil Engineering Vs Mechanical Engineering, including their scope of work, education requirements, and career outlook. There are many different types of engineering, each with its focus and area of expertise. Two of the most common types of engineering are civil engineering and mechanical engineering. So, what’s the difference between these two fields? What is civil engineering? Civil engineering is the branch of en...
Last Updated on October 16, 2022 by Admin In this blog post, we have explored Civil Engineering Vs Mechanical Engineering, including their scope of work, education requirements, and career outlook. There are many different types of engineering, each with its focus and area of expertise. Two of the most common types of engineering are civil engineering and mechanical engineering. So, what’s the difference between these two fields? What is civil engineering? Civil engineering is the branch of en...
McAlpine is now looking forward to a stronger year ahead with an order book and preferred contractor work pipeline equivalent to two years work. In a turnaround year for the business, McAlpine generated a £9.2m pre-tax profit last year on revenue ahead 14% at £937m. But revenue in the year to October 2021 was slightly down on the five-year peak of £1bn in 2019. Improved trading saw year-end cash balances slightly ahead at a healthy £106m with no debt. Paul Hamer, chief executive officer at...
McAlpine is now looking forward to a stronger year ahead with an order book and preferred contractor work pipeline equivalent to two years work. In a turnaround year for the business, McAlpine generated a £9.2m pre-tax profit last year on revenue ahead 14% at £937m. But revenue in the year to October 2021 was slightly down on the five-year peak of £1bn in 2019. Improved trading saw year-end cash balances slightly ahead at a healthy £106m with no debt. Paul Hamer, chief executive officer at...
The recovery last year followed a strategic decision to maintain a sizeable pre-construction and bid resource during the Covid lockdowns. This paid off as pre-tax profit recovered to £2.1m after revenue jumped 27% to £166m last year. CEO Jonathan Seddon said: “Our pipeline of work remained strong throughout 2021, which supported the company ethos to maintain a stable overhead base, but we continued to face many delays in moving projects forward into the construction phase, particularly wit...
The recovery last year followed a strategic decision to maintain a sizeable pre-construction and bid resource during the Covid lockdowns. This paid off as pre-tax profit recovered to £2.1m after revenue jumped 27% to £166m last year. CEO Jonathan Seddon said: “Our pipeline of work remained strong throughout 2021, which supported the company ethos to maintain a stable overhead base, but we continued to face many delays in moving projects forward into the construction phase, particularly wit...
Esh has undergone a comprehensive programme of simplifying and refocusing the business over the past four years which has seen pre-tax profits hit £3m in 2021 from a £5.1m loss last time as turnover hit £255m. Staff numbers fell to 756 from 837 but Esh is now actively recruiting to support its growing order book. Group chief executive, Andy Radcliffe, said: “We are delighted to report a remarkable improvement in profitability, particularly during another year which was marred by the impac...
Esh has undergone a comprehensive programme of simplifying and refocusing the business over the past four years which has seen pre-tax profits hit £3m in 2021 from a £5.1m loss last time as turnover hit £255m. Staff numbers fell to 756 from 837 but Esh is now actively recruiting to support its growing order book. Group chief executive, Andy Radcliffe, said: “We are delighted to report a remarkable improvement in profitability, particularly during another year which was marred by the impac...
Higgins Partnerships business raises revenue 43% to £125m
Higgins Partnerships business raises revenue 43% to £125m