Consultant reports 16% turnover increase thanks to major contracts including Glamorgan scheme
Consultant Capita Symonds’ parent company the Capita Group has reported a strong performance in 2008.
In the year ended 31 December 2008, turnover increased by 18% to £2,441m, underlying operating profit rose by 18% to £320.9m and underlying pre tax profits increased by 16% to £277.2m.
Capita Symonds played a key part in these results, with turnover increasing by 16% to £284.2m compared to £244.6m in 2007.
Key developments include the Glamorgan scheme which saw Capita Symonds signing a £75m, 15 year joint venture with Bridgend, Merthyr Tydfil and Rhondda Cynon Taf County Borough Councils to deliver highways, transportation, engineering, construction, environmental and related projects across the local authorities and the rest of South Wales.
The firm also won a £70m contract with Sefton Metropolitan Borough Council for a 10 year strategic partnership to deliver a wide range of property and highway services.
It also completed a number of acquisitions in 2008 including the land planning consultancy Lovejoy, structural engineering consultancy NRM Bobrowski, and building services engineering consultancy Pearce Buckle.
Jonathan Goring, managing director of Capita Symonds, said: “2008 was an exceptional year for Capita Symonds as we further consolidated our position thanks to another consecutive year of growth – our fifth since the company was formed in 2004.
“Thanks to our groundbreaking strategic partnerships with Local Authorities across the UK and a strong pipeline of new opportunities, we are also well placed to continue this sustained year-on-year growth.”