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Bouygues UK drops Thomas Vale brand in consolidation strategy

Bouygues UK is dropping the Thomas Vale brand as part of a wider consolidation strategy to boost its presence in the Midlands and the North.

Under the changes, Thomas Vale Group’s Stourport and Aston offices will relocate to Birmingham in November and take on the Bouygues UK name.

Bouygues UK managing director for the North and Midlands Craig Tatton said the move and rebrand was a “natural conclusion to the integration process” that Bouygues UK put in place when it acquired Thomas Vale in 2012.

All staff are said to have been consulted about the move and 12 have chosen not to relocate.

Thomas Vale Group’s office in Stoke on Trent office will remain open after the company signed a lease there for another five years.

Mr Tatton said: “Thomas Vale’s investment in relocating to Birmingham builds on the work we have been doing with the Bouygues Group over the last two years to maximise the strengths of our combined businesses in the Midlands and the North.

“We have worked hard to increase our presence in these regions and this is reflected in the portfolio of high-profile projects we are now undertaking in Birmingham and the West Midlands.”

Thomas Vale Group has yet to make a profit since it was taken over by the Bouygues Group.

In 2013, it posted a loss of £3.8m on a turnover of £147.7m and in 2014 it posted a loss of £10.3m on a turnover of £109.9m.

Last week, Bouygues UK posted a loss of £19.4m for the year to 30 September 2015.

The firm said “ongoing challenging market conditions” were behind the losses, but added that it had “secured significant levels of new orders” during the year.

Turnover at Bouygues UK was up to £349.6m, from £331.2m the year before.

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