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Renew to target nuclear decommissioning

NEWS

THE BOSS of the renamed Montpellier wants the business to cash in on the nuclear spending boom.

Chief executive Brian May ditched the Montpellier name last December in favour of Renew. This week the firm posted its first set of results under its new marque.

Renew has a specialist nuclear business called Shepley Engineers, based at Whitehaven in Cumbria. It carries out much of its work at Sellaf ield nuclear power station nearby.

Shepley has bought nuclear M&E specialist PPS Electrical, based in Barrow, for £650,000.

Mr May said: 'This is about broadening our nuclear offering. We're never going to compete with the Tier 1 contractors but there is a lot of decommissioning work coming up.' Renew saw pre-tax profits in the six months to the end of March hit £1.8 million, up from just £100,000. Turnover from ongoing operations edged up £3 million to £162 million.

Mr May said it was still targeting the social housing market despite selling social housing refurbishment arm Bullock to its management last year.