Construction UK Construction Directory
Time and date
CONSTRUCTION DIRECTORY
Share this page
Construction News
24/02/2016

Interserve Announces RMD Kwikform Review In Annual Results

Construction News Image
Interserve is reviewing its RMD Kwikform business after announcing its annual results for 2015.

The company reported a 28% increase in pre-tax profit to £79.5 million from £61.9 million in 2014.

In addition, turnover was up 10% to £3.2 billion.

Overall, strong performances were experienced across the businesses support services, international construction and equipment services businesses.

However, Chief executive Adrian Ringrose stated the UK Construction business had a difficult year, with "industry-wide pricing pressures" and "specific supply-chain failures" impacting three of its Energy from Waste projects.

-- Advertisement --
hss

He said: "Over the last five years we have made substantial strategic progress creating a broader, stronger business.

"Our performance in 2015 was good, resulting in 12 per cent headline operating profit growth in markets that continue to offer both opportunities and challenges.

"In light of the changing shape of our portfolio over the last few years, we have started a strategic review of our Equipment Services business (RMD Kwikform).

"Overall, we expect 2016 to be broadly steady compared to 2015 as underlying growth is restrained by the impact of a slower order intake following an election year and the impact of the National Living Wage.

"However, we expect to return to growth in 2017, underpinned by our strong positions in attractive markets."

(LM)

Latest Construction News

21/11/2024

Europe's leading online cleanroom consumables supplier, Cleanroomshop, has recently launched a brand-new website, giving its users an improved user experience. The new website continues to offer over 2,000 products from more than 40 brands, whilst incorporating a new look and more efficient ...
21/11/2024

At Ecomerchant, we offer a carefully curated selection of sustainable weatherproofing solutions, including natural lime renders, mineral finishes, and vapour-open waterproofing materials. They help prevent structural damage while ensuring your building can breathe naturally. Our eco-friendly ...
20/11/2024

Construction firm Willmott Dixon has partnered with Westminster City Council on a £36 million project to restore the historic Seymour Centre in Marylebone, a Grade II listed building dating back to the 1930s. The project, procured through the SCF framework, will see the three-storey centre undergo ...
20/11/2024

The Hill Group has commenced work on a new development in Billericay, Essex, which will deliver 179 high-quality homes across a 20-acre site. Designed to blend with Billericay's scenic countryside while addressing the pressing demand for sustainable housing, the project is located on Kennel Lane ...
20/11/2024

Extensive groundwork is underway for a new housing development in Maidstone, where Vistry Group, in partnership with Legal & General Affordable Homes, is set to build 272 properties on the site of the former Tovil Quarry off Farleigh Hill. The project will include 37 affordable homes for low-cost ...
20/11/2024

Stonewater has scooped a new energy efficiency retrofit contract with compliance and energy services provider Correct Contract Services. This work, funded through the Social Housing Decarbonisation Fund (SHDF) Wave 2, will include a range of energy-saving upgrades. Measures such as loft ...
20/11/2024

Kier has been appointed by Cambridgeshire County Council to deliver building, mechanical, and electrical maintenance services across the Council's portfolio of 160 corporate buildings. The contract, which began in November 2024, will run until 2027, with the possibility of two one-year extensions ...
20/11/2024

Builders use water for various functions on the job, they utilise this resource for worker hygiene, hydration, concrete batching, grouting, dust suppression, drilling and piling. If companies mismanage this water use, they can increase their environmental impact. When the industry comes ...
20/11/2024

Edmond Shipway has been appointed to a pioneering initiative tackling homelessness in Greater Manchester, providing project management and cost consultancy services on the second phase of Embassy Village. Set to deliver 40 purpose-built homes for men facing homelessness in Manchester, Embassy ...
20/11/2024

West Sussex County Council is inviting residents to share their views on proposed transport improvements at the Hazelwick and Tushmore junctions on the A2011 Crawley Avenue. The proposals aim to make walking, cycling, and public transport more appealing for short journeys. This initiative is part ...
Lakeside HireEfco UK LtdAqua Direct LtdBRICOFLOR UKThink Construction Skills Ltd.Stuart CanvasT & D Glazing And Installation LimitedMartinair Compressors LtdJesse Blinds & Shutters LtdKE Fibertec UK (Textile duct)
Terms and Conditions
2024/11/21 13:48:43