Firm has handed out close to £365m to shareholders in past three sets of accounts
Turner & Townsend paid out close to £174m in dividends last year as the firm continued to see turnover and profit head upwards.
The firm, which has been majority owned by US real estate giant CBRE for the past five years, said revenue hit £5.8bn last year, up from £1.1bn for the eight months to December 2024.
The revenue increase came after CBRE merged its project management business into T&T at the start of last year.
Latest accounts filed for Turner & Townsend Holdings show that it paid £173.8 in dividends to the owners of the group – meaning in the past three sets of accounts it has handed out close to £365m in dividends.
The accounts, which were signed off by chief executive Vince Clancy in May, show that pre-tax profit was up to £409m from £144m for the eight months to December 2024. Monthly pre-tax profit was up to £34m from £18m.
UK revenue last year was £757m with a further £387m of subcontract revenue.
In a note accompanying the accounts, T&T said: “At the regional level, on a like for like basis revenue growth was achieved in all of our seven regions. This strong performance delivered across global markets is a result of us investing in the right things: our people, the community, and the services we deliver for clients.”
T&T said it has 304 offices around the world – up from 136 – with the number of staff year increasing 64% to 22,300.
It said that during the period it had net assets of £570m, up from £318m last time.
No comments yet