28 | Leaders 2013 Creditable performance for Interserve in UK
INTERSERVE CONSTRUCTION Interserve House Ruscombe Park Twyford Reading Berkshire RG10 9JU
T: 0118 932 0123
www.interserve.com
Part of the Interserve Group, INTERSERVE CONSTRUCTION, provides construction-related services worldwide with a 2011 turnover of £2.3B. The division’s UK turnover was £731M in 2011. Interserve’s team of in– house engineers, specialising in process, mechanical, electrical and instrumentation, control and automation (ICA) fields, gives its a full
THE NUMBERS Sales £M
Gross profit £M 09
825.5 52.4
Operating profit £M 10.9 Pre-tax profit £M Staff
14.5
Net assets £M THE RATIOS
2,775 30.41 08
Return on capital % 47.6 Gross margin %
6.4
Operating margin % 1.3 Net margin %
1.8 Sales/employee £K 297 10
740.0 56.1 16.4 22.7
2,766 38.44 09
59.0 7.6 2.2 3.1
268 11
733.8 49.2 9.5
15.9 2,693
38.0 6.7 1.3 2.2
272
%change -1
-12 -42 -30 -3
41.83 9 11
%change -35 -11 -42 -29 2
turnkey capability to design, construct, procure, install and commission all process types of municipal wastewater, wastewater treatment plants, pumping stations, sludge treatment plants and combined storm overflows and sewerage pipelines. Municipal potable water work includes potable water treatment plants, reservoir construction, pipelines and emergency works. The group says the construction division’s UK business performed “creditably in a very competitive environment, particularly given that the comparative year of 2010 was, by some way, a record”. It said the division’s operating profit reflected the lower profitability of projects contracted since the downturn, when competitive pressure had increased. However, the margin is returning towards the levels the group would expect over the longer term.
The group says that the division’s focus is on long-term repeat business in the UK and internationally.
It says the UK construction industry is worth around £83B, with 16% being in infrastructure and 84% in building.
Murphy ready for Totex shift
J MURPHY & SONS Hiview House Highgate Road London NW5 1TN
T: 0207 267 4366
www.murphygroup.co.uk
J MURPHY & SONS reports water sector turnover up in 2012 on the previous year with major projects under AMP5 Frameworks progressing well. It also secured a new framework with Dwr Cymru Welsh Water. Bidding activity in the sector continues to be buoyant, the company says. “Our current workload includes a blend of capital and maintenance work and we are therefore well prepared for
THE NUMBERS Sales £M
Gross profit £M 09
408.0 n/a
Operating profit £M 22.9 Pre-tax profit £M Staff
24.9
Net assets £M THE RATIOS
2,815 159.1 09
Return on capital % 15.6 Gross margin %
Operating margin % 5.6 Net margin %
6.1 A supplement to WET News and WWT 10
460.7 21.9 21.9 23.5
2,915 173.3 10
13.5
#VALUE 4.8 4.8 5.1
Sales/employee £K 144.9 158.0 11 %change
485.3 5 23.2 26.0 26.4
6
19 13
2,979 2 187.3 8 11
14.1 4.8 5.4 5.4
%change 4
11 13 7
162.9 3
a shift to a totex approach to capital delivery with the main focus on the operation of the works that we are construct- ing. AMP6 will be character- ised by smaller value projects, but with a greater emphasis on standardisation and improved operability, which plays well to our strengths of having a highly skilled workforce with the range of skills needed to deliver discrete and often highly complex projects.” The overall spend in AMP6 is likely to remain consistent with that seen in AMP5 and water companies are con- tinuing to favour the use of frameworks, but with a higher degree of responsibility for programme development and delivery under alliance-type partnerships. “There will be more pressure on us to secure these frameworks in the face of stiff competition, but when secured there will be a greater visibility of workload enabling us to plan resources and investment with greater confidence.”
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