May Gurney turnover boosted by highways spending

Increased government spending on highways has boosted maintenance and service specialist May Gurney’s turnover by 14% over the first half of the year, the company’s interim results show.

The acquisition of contractor Turriff also helped boost the growth in revenue by a further seven percentage points.

The total revenue was up to £351m in the first half of the financial year from £289m over the period last year.

It scored over £290m of new work and contract extensions for jobs in waste management and street lighting for a number of local authorities.

Chief executive Philip Fellowes-Prynne said: “Our strong financial position is the result of our proven strategy of focusing on developing long-term relationships with our clients for the delivery of essential front-line maintenance and enhancement services.”