Bouygues UK building firms run up £54m loss

Aaron Morby 6 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

B&K returns to strong profit growth across the group

Pre-tax profit jumps 23% to £65m as revenue edges up to £1.18bn
5 hours ago

British Land expects tender price inflation to hit 10%

Developer says 91% of costs are fixed on planned schemes
5 hours ago

Morgan Sindall set for £80m leisure and health hub

West Suffolk public service development to be built at no extra cost to tax payers
6 hours ago

Plans in for £500m Hollow Mountain pumped hydro scheme

Work removing 2m tonnes of rock could start within two years
1 day ago

L&G to pump £4bn into West Midlands developments

West Midlands Mayor Andy Street signs landmark investment deal with L&G
5 hours ago

Hunt starts for £250m Stockport 8 site developer

Town centre 8-acre site is earmarked for 1,200 homes, shops and leisure
23 hours ago

Higgins bags trio of East London passivhaus schemes

Partnership to build 220 affordable homes for Newham council
18 hours ago

Water industry revives PFI model for £1bn job

Vast Haweswater Aqueduct upgrade to pilot new DPC model, hailed as the future for water companies
1 day ago

VolkerRail fined £550,000 after trench collapse

Court hears how two metre deep excavation was unsupported
1 day ago

‘Ratty the Robot’ takes bite out of costly pipe inspections

Pipe-crawling tetherless robo-rat makes light work of complex underground inspections
1 day ago

Graham gets green light for £124m M25 Junction 28

Consent allows work to start this Autumn on Essex junction upgrade
2 days ago

Six win £600m panelised housing DPS deal

Better Building alliance of 29 housing associations signs up manufacturers
1 day ago

Watkin Jones reports record £2bn pipeline

Student rooms and BTR builder plans corporate name change in big rebrand
1 day ago

Race starts for £500m Scottish zero carbon hospital job

Bidding starts for new University Hospital Monklands near Airdrie
2 days ago

Manchester airport taxis out £60m terminal 2 pier job

Bidding to start before the end of 2022 for project start early next summer
2 days ago

Plan for 1,100-home complex at Leicester factory site

Galliford Try investments plots Corah Factory transformation
2 days ago

Axed House by Urban Splash staff plan legal action

Ex-workers consult with lawyers following administration
2 days ago

Summer slowdown fears as latest contract award data droops

Latest Barbour ABI Snap Analysis paints uncertain picture
2 days ago

Farrans wins £39m Somerset recycling hub

Site preparation gets underway for Keynsham Recycling Hub
2 days ago

Balfour gets green light for £250m M25 junction 10

Autumn start for M25 junction 10/A3 Wisley interchange improvement scheme
5 days ago

Leeds plumbing contractor sinks with loss of 30 jobs

Dickinsons Plumbing and Heating goes down but renewables arm salvaged in sale
5 days ago

HS2 achieves first diesel-free construction site

Skanska Costain STRABAG JV runs Kilburn site with green kit
5 days ago

Administration confirmed at House by Urban Splash

160 jobs lost following "operational issues" at modular factory
6 days ago

Network Rail fined £1.4m after worker crushed by track machines

Judge highlights "many layers of failure" within site management
6 days ago

Kier picked for £350m Leatherhead regen plan

Property arm to draw up plans to redevelop two large town centre sites
6 days ago

Two seriously injured in London steelwork collapse

Two steel erectors left fighting for their lives after collapse at Ardmore site
7 days ago

Urban Splash modular staff start looking for new jobs

Work stops at House by Urban Splash factory and housing sites
7 days ago

Building facade specialist CMS goes into administration

Building envelope firm had turnover of £43m
7 days ago

Office work uplift returns construction output to growth

New commercial work drives output uplift for the first time since the pandemic
6 days ago

More suppliers wanted on £683m waste power plant

Meet the buyer event for North London Heat and Power Project: Register now
1 week ago

Contractor services