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MoD work boosts Enterprise

Maintenance contractor Enterprise improved pre-tax profits by 9 per cent to £11.4 million in the six months to June 30 up from £105 million last time.
Turnover also increased 22 per cent to £249.3 million up from £204.2 million in the same six months last year.

Enterprise said its business achieved good organic growth during the period with a double win for the Ministry of Defence worth a combined £1.2 billion. Its public sector division and gas businesses also performed well with a number of new jobs and contract extensions.

Its water business operating mainly in the south east and London did not fair as well running into operational difficulties which hit profits on a number of contracts.

Enterprise chief executive Jack McGrory said: 'We are working with our clients on a series of measures designed to improve operational performance and we expect this to bring the contracts back to expected levels of contribution in the near future.'

Acquisitions during the period helped broaden the group's business portfolio, the company said. Enterprise bought management consultant Dbi Group, contract management firm Strategem Group, social housing consultancy BWNL and human resources company Trinity Group Holdings.

It also picked up two firms working in the social housing and utilities sectors including social housing refurb specialist McGinley and electrical contractor ESBI.

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