Support services firm Mouchel Parkman says it was on track to report good interim results
Support services firm Mouchel Parkman said it was making good progressive integrating its new acquisitions and was on track to post a good set of interim results.
The company recently bought Traffic Support, Ewan Group and Hornagold & Hills for a combined £50m which have strengthened its highways, water and management capabilities
The group also gave a contract update. Its new wins include highways commissions for Transport for London and for the London Borough of Ealing. It added that it is nearing the end of contract negotiations for the Oldham Metropolitan Borough Council strategic partnership contract where it is in joint venture with business process outsourcing company HBS. The contract is expected to last 12 years and have a value of £30m.
Mouchel Parkman said its order book is now at a record high of £1.35bn while the bidding pipeline currently stands at £1.2bn.
Richard Cuthbert, chief executive, commented: “We continue to make good progress. Our continuing success in tendering for and securing new work, our record order book, strong bidding pipeline and the progress we have made in integrating our latest acquisitions all serve to maintain our confidence in the group's future prospects.”