Turner & Townsend takes on staff as profits soar

Grant Prior 12 years ago
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A run of high profile contract wins has helped consultant Turner & Townsend boost turnover by 20% sending profits soaring.

Results for the year to April 30 2012 show revenue up to £244.3m from £204.3m last time while pre-tax profits increased to £23m from £15.7m.

Turner & Townsend also took on 60 new staff across the UK last year as the business in this country made a pre-tax profit of £11.9m on a turnover of £113.5m.

The firm is working as lead cost consultant for the £15bn Crossrail programme and as project manager at London Bridge Quarter – the £1bn development that includes the iconic Shard building.

Turner & Townsend is also cost managing the construction of the National Football Centre in Staffordshire.

Steve McGuckin, UK managing director for Turner & Townsend, said: “The industry has faced some very challenging times in the past year, but we have managed to make considerable progress even against the economic headwinds.

“Our UK revenues now significantly exceed their 2008 pre-crash levels, and this summer we are investing in the future by hiring up to 50 talented young people for our ongoing graduate recruitment programme.

“In the past 12 months we have expanded across most sectors and increased our penetration in the natural resources and infrastructure fields.

“While many of our peers are reducing the scale of their UK regional networks, we increased our regional offering with the opening a new office in Aberdeen.”

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