VolkerWessels UK on track to top £1bn turnover

Aaron Morby 5 months ago
Share

The UK operation of Dutch construction group VolkerWessels is on track to top the £1bn revenue barrier after another strong year.

Chief executive Alan Robertson says the firm now has a strong pipeline of quality work based on major infrastructure investment

VolkerWessels UK has been steadily building turnover and profitability over the last five years on the back on ongoing UK infrastructure investment.

Last year the group, which includes building, highways rail, water and marine specialisms, lifted pre-tax profit by 23% to £29m.

This was driven by strong performances at building arm VolkerFitzpatrick driven by the upsurge in industrial building and VolkerRail.

Marine contractor VolkerStevin saw margins squeezed, mainly due to challenges completing the Oswestry waste water treatment plant upgrade.

Overall group operating margin edged up to 3%.

Average headcount across the business rose to around 3,000 as revenue increased 13% to £984m, despite what the UK group described as challenging market conditions.

VolkerWessels UK
2018 2017 2016 2015 2014
Pre-tax profit £28.9m £23.6m £22.9m £20.8m £14.8m
Revenue £984m £870m £877m £852m £747m

Year-end net cash was up £6m to £123m.

UK chief executive Alan Robertson, said: “Looking ahead, VolkersWessels UK has in place an exceptionally strong pipeline of quality work with the secured order book at year-end at a record £1.4bn.”

This is up by over a quarter on 2017, with the group continuing to perform well in key markets including rail, road, airports, commercial and industrial building, ports, energy, water, coastal and flood defences.

Latest news

Demolition winner for vast Elizabeth House job

Fierce competition for demolition package to pave way for new 31-storey tower at Waterloo
31 mins ago

£150m Manchester build to rent scheme approved

AECOM construction arm Tishman will deliver 23 and 29 storey Portugal Street East scheme
43 mins ago

Robo cone layers to make life safer on road jobs

Automatic cone laying machines could be on site by end of the year
3 days ago

NAO raises alarm over cost of finishing Carillion hospitals

Spending watchdog warns a significant risk of £2bn cost of both hospitals rising further
3 days ago

Green light for Birmingham’s tallest tower

£150m Broad Street skyscraper will rise to 61 floors
3 days ago

Plan for £33m cross laminate timber office block

Developer Southern Grove plans 6 storey office block in London's Shoreditch area
3 days ago

GMI to build 14-storey Leeds hotel

Scheme will occupy last remaining plot on Sovereign Square site
3 days ago

Burglar caught after ransacking construction training centre

Rampage and robbery disrupts Sunderland training hub
3 days ago

Alligator park plan for £230m mixed use London site

Developer plans to turn iconic gasholder into reptile house on Old Kent Road
4 days ago

Domis set for £300m landmark Manchester Viadux

Developers Ask and Salboy team-up for mixed-use scheme near Deansgate
4 days ago

Winners named for £3bn offsite schools framework

B&K, Caledonian, Elliott, Laing O'Rourke and Wates come top of class
4 days ago

£30bn NHS construction frameworks shake-up starts

General healthcare and son of ProCure22 framework contests to start
4 days ago

Man extradited from Albania and charged with site murder

Albanian national appears in UK court after year-long extradition proceedings
5 days ago

Stepnell West Midlands boss leaves business

John Rawlinson departs after overseeing shift from civils to building
4 days ago

Farrans brings in two civils directors

Jonathan Kerr joins from Graham and Jim Steele was former Morrison MD
4 days ago

Richard Desmond wins planning for £1bn Westferry Printworks

Housing secretary overrules planning inspector to grant planning for 1,500 flats
5 days ago

Sisk wins UK’s tallest Premier Inn job

Foundation work gets underway on Canary Wharf site in London Docklands
5 days ago

Worker killed as excavator falls through concrete slab

McGee fined £500,000 following death on demolition site
5 days ago

Bouygues to start £115m Canterbury Riverside scheme

Work to start shortly on mixed use leisure and rental accommodation project
5 days ago

Green light for first homes in £1bn Purfleet regen scheme

Work to start on first 61 homes in Essex town centre regeneration
5 days ago

Balfour crowned 2019 contracts league champion

Multiplex and Bowmer & Kirkland join Top 10 firms for first time
5 days ago

Contracts manager jailed after roofer falls to his death

Police find risk assessment documents with forged signatures during investigation
5 days ago

Winners named for £2bn Hyde new-build housing deal

Eleven selected for £25m-plus projects among 41 winners
5 days ago

Worker killed and another injured on Birmingham Uni site

Men fall from a scissor lift at Balfour Beatty site
5 days ago

Firm set up by ex-Bardsley QS throws lifeline to 12 former staff

Goodwin Construction hires axed Bardsley staff as revenue set to hit £70m
6 days ago

Laing opens picture archive on post war construction

Picture vault reveals the industry's journey from flat caps to hard hats
6 days ago

VolkerFitzpatrick wins £40m Brent Cross West Station

Work to start on station in May, which will help to unlock £4.5bn
5 days ago

Historic building specialist Stone Edge collapses

Skipton-based stone building restoration firm in administration
6 days ago

£10bn Pagabo major works framework winners

ISG, Morgan Sindall and McAlpine scoop all project values in six of seven regions
7 days ago

Developer launches own contractor after Bardsley collapse

Newly formed DEX Construction will complete Manchester resi scheme
7 days ago

Contractor services