Turnover at Morrison Utility Services reached around £500 million for the year ended 31 March 2010, the firm has revealed.
This figure is broadly the same as its £473.7m turnover in the previous year.
The contractor said it had a confirmed order book worth £1.5 billion, and up to £2.9bn if existing contracts were extended.
Key contract wins during the year included a new connections alliance with Central Networks, expected to be worth more than £200m over 10 years, with a potential extension of five years. The contract commenced on 1 April 2010.
Other highlights included securing frameworks with Thames Water for mains replacement, Yorkshire Water for water network rehabilitation, and Southern Gas Networks for gas meter replacement.
Morrison Utility Services chief executive Charles Morrison said: “In a very competitive and demanding environment, we are delighted to have succeeded in securing significant new contracts, retaining valued existing clients and establishing a niche in growth sectors, notably high-voltage connections to renewable energy sources.
“Despite the difficult economic climate which currently exists in the UK construction and services sectors, we have a growing order book and are cautiously optimistic about our future prospects.
“We continue to focus on investing in our people, systems and plant and maintaining the high standards of service delivery which underpin our uncompromising commitment to delivering added value for our clients.”