Rok has secured £700 million so far this year after securing 48 new contracts since January, the firm revealed today.
In a trading update for the period from 1 July 2009 to 4 November 2009 Rok said it is trading in line with projections and that is full year results are in line with expectations.
Rok’s total forward revenue under secured orders and long term framework agreements now stands at £2.1 billion, level with the previous year.
Secured and visible revenues for 2010 are now some 80 per cent of our forecast revenues. The future framework pipeline is also strong at £1.6 billion.
From 2010, Rok will be organised around four national business teams:
- Maintenance (to include improvements)
- Social Housing (to include new build and planned repairs)
- Plumbing Heating & Electrical (PHE)
The firm said: “This structure will bring further efficiencies in costs and greater opportunities for growth through a consistent national approach.
“Having taken decisive action over the past year to align our cost base with expected levels of revenue in an increasingly challenging operating environment, our resulting business mix puts us in a strong position to resume growth as the economy recovers.
“With a high proportion of our future revenues underpinned by long-term agreements with customers, we remain confident about the Group’s prospects for the year and beyond.”