Interserve’s shrinking revenue, Carillion’s final transfers and Bouygues’ departed UK bosses lead the headlines in this week’s numerical round-up.
28 years – Bouygues boss tenure
Lionel Christolomme, who took over the UK division in February 2016, has been replaced by Rob Bradley, as revealed exclusively by CN. Olivier Crillon meanwhile has stepped down as CFO of the business, having held the post since June 2015, and has left the group as well.
5% – NG Bailey profit rise
The specialist posted pre-tax profit of £19.6m for the 12 months to 2 March 2018, up 5.4 per cent from £18.6m in its previous year. Revenue slipped from £500m to £481m in its latest accounts, which the firm attributed to “changes in the construction sector”.
76% – Carillion workforce transferred
The official receiver announced that the final Carillion contracts have been transferred to new suppliers, with 429 more staff moving as a result. Nine ex-Carillion employees were made redundant, taking the total to 2,787. The official receiver added that 240 staff had been retained to help complete the liquidation process.
21% – Interserve’s construction contraction
Revenue in UK construction fell from £502.3m in H1 2017 to £396m in H1 2018. Interserve had stated its aim to reduce its construction work, and has now exited the London construction market completely – at a cost of £6.5m. The half-year results also revealed that Interserve made a group pre-tax loss of £6m for the six months to 30 June 2018.
-5% – Sindall construction turnover
Morgan Sindall also reported a drop in construction turnover for the first half of 2018, after steady growth for much of the decade. Chief executive John Morgan said his firm was “very happy for the turnover to come down”, with FD Steve Crummett adding that half-year revenue was likely to fall to the £600m-£650m range as the company became more selective over its projects.
£2,200 – Weekly rate on Spurs site
As part of further investigations into working conditions on the £800m scheme, CN has heard calls from subcontractors and agencies to potential workers offering around £2,200 to work seven days: a minimum of 12 hours on weekdays and two 10-hours shifts on the weekend. The findings came as CN revealed main contractor Mace has written to the MDs of subcontractors stressing the importance of safe working hours. There is no suggestion Mace was aware or in control of any contracts agreed between third party recruitment agencies, operatives, and its subcontractors.