At the announcement of preliminary results for the year ending 31 December 2000, support services group Amey said it had an order book of £3.5 billion, with more than £760 million of business already secured this year. The firm reported pre-tax profits up 37 per cent to £39.3 million on a turnover up 34 per cent to £700 million.
Interserve also announced a record workload of £2.6 billion in outsourcing contracts, with a further £700 million of PFI work at preferred bidder stage. Preliminary results to the year ending 31 December showed pre-tax profit up 32 per cent to £41.4 million against turnover up 25 per cent to £739 million.
Interserve, previously known as Tilbury Douglas, had acquired Building & Property at the end of last year (TheFB, February 2001, page 30).
Kier Group's results for the six months to 31 December show operating profit up 47 per cent to £6.9 million with turnover up 22 per cent to £591.3 million. Chairman Colin Busby said support services – which grew by 38 per cent, contributing £23.8 million to turnover – would take an increasing share of the group's business mix.
Reporting its results before sealing the huge £500 million BT outsourcing deal, Carillion announced it had increased operating profits in the PFI sector from £5 million to £8.9 million. Carillion's preliminary results show pre-tax profit and exceptional items up 14 per cent to £41.9 million on turnover up 6 per cent to £1.9 billion.
Meanwhile, Savills saw pre-tax profit up 26 per cent to £25.9 million, and ISG said its order book had grown by 50 per cent for its facilities creation and facilities management operations at its interim results. Pre-tax profit for ISG was up 35 per cent in the six months to 31 December.
Rentokil's preliminary results show a 2.7 per cent fall in pre-tax profits. And Bullough's preliminary results show a loss in the first year of its purchasing arm, Product Procurement Services. Profit on continuing operations was £4.6 million.
Source
The Facilities Business
