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News » UK » Bouygues posts UK losses for 2015 » published 13 Oct 2016

Bouygues posts UK losses for 2015

Bouygues UK has filed its 2015 accounts showing a £19.5m loss before tax for the year in 2015.

Chief executive Lionel Christolomme Above: Chief executive Lionel Christolomme

In 2014 it made a pre-tax profit of £11.5m. Turnover for the year was £350m (2014: £331m).

In his report, chief executive Lionel Christolomme said that the loss for the year “reflects the ongoing challenging market conditions”.

He said: “Whilst market conditions have been challenging in recent years, out reputation across the areas in which we work and the strength of the Bouygues group provide a solid foundation for the future.”

Its sister companies within the group also struggled in 2015, racking up losses. Denne Construction made a pre-tax loss of £12.8m on a much-reduced turnover of £63.5m (2014: £38,000 profit on £117m turnover).

JB Leadbitter & Co lost £9.4m before tax on turnover of £190m (2014: £1.8m profit on £285m turnover).

Only Thomas Vale Construction showed any improvement on 2014, posting a reduced pre-tax loss of £11.4m (2014: £12.5m loss) on turnover increased to £137m (2014: £109.5m).

 

 

 

MPU

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This article was published on 13 Oct 2016 (last updated on 13 Oct 2016).

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