Environmental and engineering consultant says business is in “robust health”

Waterman has predicted “encouraging growth” for the second half of the financial year, with a record long term order book and profit margins set to improve by 10%.

In an interim management statement, the environmental and engineering consultant added that its exposure to the weakening UK property market had not affected its business.

Waterman anticipated a strong second half of the year ending 30 June. Invoicing for the first nine months was up by 29% compared to the same period last year, and employee numbers have risen from 1,785 as of 30 June last year to 2,032 now, including 37 from the acquisition of environmental consultant Furness Green.

Although the UK property market represents about 28% of Waterman’s business, the group remained bullish about instability in the market.

It said: “Demand for our services is in robust health and our performance has not been affected by the current backdrop of uncertainty in the financial markets.”

Waterman is working on 20 BSF schemes, and has over £4bn of urban regeneration developments on its books.