Leaders 2013 | 31 McNicholas, a utilities all-rounder
McNICHOLAS A Lismirrane Industrial Park Elstree Road Elstree Hertfordshire WD6 3EA
T: 020 8953 4144
www.mcnicholas.co.uk
MCNICHOLAS’ principal ac- tivity is in providing contrac- tor services to the utility and infrastructure sectors. The company calls upon a range of professional disci- plines in civil engineering, construction, mechanical and electrical engineering, infor- mation technology and general management.
It works in four main sec- tors – Utilities (power, gas and water); Communications; Rail;
THE NUMBERS Sales £M
Gross profit £M
09-10 144.6 14.4
Operating profit £M 0.3 Pre-tax profit £M Staff
Net assets £M THE RATIOS
-2.5
1,169 8.9
09-10
Return on capital % -27.9 Gross margin %
10.0
Operating margin % 0.2 Net margin %
-1.7 Sales/employee £K 123.7
10-11 116.0 16.2 2.6 1.4
1,015 8.8
10-11 16.1 14.0 2.2 1.2
114.2 11-12 %change
154.6 33 14.2 0.8 0.3
1,502 48 6.8
11-12 3.8 9.2 0.5 0.2
102.9
-13 -70 -82
-23
%change -76 -34 -78 -86 -10
and Renewables.
Among the contracts that it has won, is a Settlement Mitigation Framework on London’s Crossrail project to undertake extensive test- ing and protection works to Thames Water’s sewers and water mains.
The contract, which was awarded by Dragados/Sisk JV, involves non-destructive testing and logging, repairs, replacement, diversions and strengthening works wherever there is a risk of damage to the water and sewerage infrastruc- ture from the tunnelling works below.
The contract sees Mc-
Nicholas continue its long involvement with the Crossrail project, where the company has already completed major multi-utility diversionary works at Bond Street Sta- tion, Farringdon Station, Whitechapel Station, Pudding Mill Lane, Stepney Green and Limmo Peninsular.
Each of these projects have been technically complex because of their congested city centre locations and have required teams skilled in the construction of gas, power, water and telecoms infrastruc- ture, stakeholder liaison, as well as expertise in traffic and pedestrian management.
Water a key target for Morgan Sindall
Morgan Sindall Corporation Street Rugby
CV21 2DW
T: 01788 534500
www.morgansindall.com
MORGAN SINDALL CON- STRUCTION AND INFRA- STRUCTURE offers national design, construction and infra- structure services to private and public sector clients. The division works on projects and frameworks of all sizes across a broad range of markets in- cluding commercial, defence, education, energy, healthcare, industrial, leisure, retail, transport and water. The division’s activities in
THE NUMBERS Sales £M
Gross profit £M 10
Operating profit £M 41.8 Pre-tax profit £M Staff
Net assets £M THE RATIOS
Return on capital % 18.4 Gross margin %
10.2
Operating margin % 2.0 Net margin %
1.9 Sales/employee £K 274.3 11
40.7 7662 221.7 10
215.7 40.8 40.0 6744 235.9 11
17.0 9.7 1.8 1.8
330.2 12
186.7 35.2 34.2 6384 249.7 12
13.7 9.1 1.7 1.7
320.7 %change
2,101.9 2,226.6 2,047.1 -8.1 215.2
-13.4 -13.7 -14.5 -5.3 5.8
%change -19.2 -5.9 -6.2 -7.0 -2.9
the regulated water sector ac- counts for 8% its revenue. and the industry is a targeted key market.
The group expects lit- tle market growth until the renewal of the five-year Asset Management Plan (AMP) in 2015 and the commencement of the £4.2B Thames Tunnel (pictured) in 2016..
The company said that with- in the water market, the AMP5 framework agreement with Yorkshire Water Services has provided £76M of joint venture contracts to improve bathing water quality at both Scarbor- ough and Bridlington, drawing on the division’s tunnelling expertise, and to design and build a pioneering new energy scheme at the Esholt Waste- water treatment works. Construction and Infra- structure is working for UK Power Networks on a £14M cable tunnel project between Whitechapel and Finsbury Market in order to strengthen London’s electricity supplies. Work also continues in joint
venture for Thames Water on East London’s Lee Tunnel, the capital’s deepest ever tunnel, and for Crossrail on projects including C510 Whitechapel and Liverpool Street Station tunnels where the joint ven- ture is now two years into the five-year, £235M contract. It says that with little improvement anticipated in economic and market condi- tions in the short-term it does expect the division’s revenue, operating profit and margin to reduce further in 2013. How- ever, it is encouraged by the division’s forward order book standing at £1.5B (2011: £1.6B) with projects at preferred bidder stage valued at £0.5B (2011: £0.3B)..
A supplement to WET News and WWT
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