Bouygues UK building firms run up £54m loss

Aaron Morby 4 years ago
Share

The four key UK building businesses of French contractor Bouygues all fell into the red last year after being hit by challenging market conditions.

Bouygues UK CEO Lionel Christolomme says order book looks good for year ahead
Bouygues UK CEO Lionel Christolomme says order book looks good for year ahead

Bouygues (UK) ran up the largest loss at £19.4m with regional builders Thomas Vale and Denne Construction each suffering losses over £12m and J B Leadbitter running up a £9m loss.

The results released at Companies House cover the period just prior to chairman Madani Sow stepping down in January this year and his replacement by Fabienne Viala, the former western area boss of Bouygues energy and services.

Three years ago the Bouygues business in the UK was restructured as four units – Bouygues Development, Construction, Housing and Thomas Vale – all reporting to the chairman of Bouygues UK.

Both the construction and housing management units incorporate the activities of Warings, Leadbitter and Denne with those that already existed in Bouygues UK.

Although the existing business brands continue to trade as their legal registered entities.

Bouygues building businesses
Profit Turnover
2015 2014 2013 2015 2014 2013
Bouygues (UK) – £19.4m £11.6m £17.2m £350m £331m £217m
Thomas Vale – £12.5m – £9.4m £3.8m £137m £110m £148m
Leadbitter – £9.4m – £1.8m – £15.2m £190m £285m £240m
Denne Construction – £12.8m £40,000 -£1m £63m £117m £86m

 

Bouygues UK Chief Executive Officer, Lionel Christolomme, said: “The loss for the year reflects ongoing challenging market conditions within locations traditionally served by the company.”

It is the first year that the main Bouygues UK business, which turns over around £350m, has fallen into the red. The firm’s head count jumped 28% to 874 employees.

Christolomme, said: “However the company has continued to be successful in realising new opportunities and continued to secure significant levels of new orders during the year.

“Our reputation across the areas in which we work and the strength of the Bouygues Group provide a solid foundation for the future.”

Midlands building contractor Thomas Vale Construction saw losses deepen last year to £12.5m after falling £9.4m into the red in 2014.

Revenue at Thomas Vale jumped 27% to £137m as staff levels remain stable at 322.

Affordable housing and building specialist J B Leadbitter & Co was mired in losses for the third year running after closing out further problem contracts to book a £9.4m loss last year.

The French giant’s Kent-based Denne Construction operation managed to slump £12.8 into loss after revenue almost halved to £63m.

Latest news

Final London Super Sewer TBM arrives by barge

Final stretch in sight as TBM Selina prepared for deepest Thames Tideway drive
45 mins ago

Multiplex lands £140m Glasgow office job

Main construction work to start on 13-storey scheme
10 mins ago

DfE readies firms for ‘new deal’ schools building push

Over 30 firms in fight for places as existing £8bn framework comes up for renewal
4 hours ago

Student rooms developer gears up to build again

Unite buys Edinburgh site for 300-bed scheme after Covid-work pause
5 hours ago

Farringdon office scheme to restart after £140m funding deal

Confidence boost for London market as main contractor due to be appointed shortly
5 hours ago

HS2 team unearths Iron Age murder victim

Large wood-henge structure uncovered during Buckinghamshire tunnel site excavations
5 hours ago

Hotel and office block plan for Manchester Mayfield scheme

Work to start early next summer on 385,000 sq ft project
6 hours ago

South London’s Purley tower approved

Developer Thornsett Group get thumbs up for 17-storey tower mixed-use scheme
6 hours ago

Collapsed crane was erected day before tragedy

Wolffkran worker still seriously injured in hospital after 85-year-old woman killed
4 days ago

London council calls up firms for £6.8bn works deal

Tower Hamlets 10-year dynamic purchasing deal will cover new housing, schools and regeneration schemes
3 days ago

Arup to cut 350 UK jobs

Job cuts among 6,000 strong UK workforce to hit next month
4 days ago

Green light for £230m Sky Studios Elstree

BAM, Lendlease and VolkerFitzpatrick understood to be in running for main contract
4 days ago

M&E contractor Ilec goes into administration

Specialist goes down after sharp drop in turnover
3 days ago

Morgan Sindall starts up Salford resi tower project

Work on 23-storey apartment block reignites New Bailey scheme
4 days ago

Amey appoints former Murphy boss as transport chief

Peter Anderson to head-up Transport Infrastructure business
4 days ago

Woman killed in London crane collapse

Four others injured as jib crashes through roof of houses next to modular building site
5 days ago

Bellway asks subcontractors for 5% rate cut

House builder wants suppliers to drop prices from next month
4 days ago

Esh Group unveils 8% staff cut

Nearly 70 jobs to be cut from 840-strong workforce
4 days ago

Bouygues wins £250m London hospital expansion

Evelina London children’s hospital embarks on next phase of development plans
5 days ago

House builders returning to full productivity on site

Vistry reports falling supply chain prices while Persimmon says forward sales up 15%
4 days ago

Firms to get £1,000 for every worker brought off furlough

Plan for jobs promises £6,500 for work placement kickstarters and £2,000 for apprentices
5 days ago

£3bn green boost as construction leads Covid recovery

Investment for energy efficient retrofitting and stamp duty holiday to boost housing market
5 days ago

Law firm caps fees for smaller construction disputes

Fixed-fee adjudication service will not see legal bills for contractors rise above £5,000
5 days ago

Top contractors orders down 44% over three months

Wates tops June contracts league with major high-rise flats order
5 days ago

£110m Dagenham film studio complex approved

Council regeneration company seeking film partner to start the project rolling
5 days ago

North East carbon capture project to create 5,500 jobs

Construction of £1.8bn project to run for four years
5 days ago

U+I cuts capital spending by £33m

Work scaled back in coming year but developer bullish about longer term prospects
5 days ago

Driver killed as concrete smashes through windscreen

Police hunt for lorry shedding its load
5 days ago

Argent chief to head Oxford Uni £4bn housing partnership

Anna Strongman takes over as CEO of Oxford University Developments in September
6 days ago

Taziker lands £24m Bristol station refurb contract

First major overhaul of Temple Meads for 25 years
6 days ago

Contractor services