Growth attributed to civil engineering and energy strategy
John Sisk & Son has reported strong year on year turnover growth in its annual results for the year ending December 2010. Turnover grew to £278m from £161m in the previous year.
Sisk attributed the growth to their strategy of leveraging resources in sectors such as civil engineering and energy whilst continuing to invest in traditional core areas of expertise.
In 2010 Sisk secured a number of projects in the civil engineering and energy sectors, alongside larger value contracts in their core commercial, retail and residential sectors.
Some of these projects included the Hilton Hotel and Student accommodation in Wembley, Rathbone Market in Canning Town and a joint venture with Dragodas to construct the Crossrail Eastern Running Tunnels worth £550m.
Sisk also secured work under framework agreements with Network rail, the Olympic Delivery Authority and Royal Mail.
Paul Wilson, managing director with John Sisk & Son in the UK, commented:
“Our strategy of continued investment during 2009 and 2010, enabling us to deliver larger value and Civils projects, has been successful. With the support of SISK Group, we will continue to drive further growth.
“Our order book and pipeline remain strong and we view 2011 and beyond positively.
“Throughout the year we continued to invest, in particular enhancing the company’s Major Projects, Civils, Energy and Industrial Process capabilities.”