Construction News

Thu October 29 2020

Related Information

Civil engineering firm Jones Bros boosts profit by a third, plans further expansion

8 Jul 10 Civil engineering firm Jones Bros has lifted its profit by a third, and boosted turnover by a fifth, despite the recession.

Civil engineering firm Jones Bros has lifted its profits by a third, and boosted turnover by a fifth, despite the recession.

Jones Bros Ruthin reported turnover up 21% to £46.3m for the year to 31 March 2010, while profit before tax rose 33% to £2m.

The company plans to plough back some of the profit into new plant and machinery in the coming year, as well as adding to its 265-strong workforce.

Jones Bros is based in North Wales, but operates UK-wide with turnover split evenly among projects in Wales, England and Scotland,

Managing director Huw Jones said: “We had another year of further solid progress, despite the economic recession and a very competitive market.

“A big area of expansion for us was the energy sector, where we worked for both renewables and conventional energy producers.

“Considering the ongoing uncertainties in the economy, we have a very healthy order book of work going forward, which will enable us to continue our expansion strategy.”

Related Information

The Ruthin-based business is separated into two companies, operating in civil engineering and plant hire respectively. Jones Bros Ruthin owns both.

It specialises in: highways and infrastructure construction and improvements; energy projects including renewables; construction of waste management facilities and waste remediation projects; and flood and coastal protection projects.

Jones Bros’ most significant project last year was a £19m contract to build the infrastructure for a 60-turbine wind farm in East Lothian for Fred Olsen Renewables. Other wind farm work included completion of Carno 2, mid Wales, and commencement of Tullo wind farm near Aberdeen.

In Wales, it began the £6.8m coastal defence scheme at Tywyn, Gwynedd; and construction of an eco visitor centre at Aberthaw coal fired power station, South Wales, where is has ongoing infrastructure contracts.

The firm also started the construction of the £35m Porthmadog bypass in a 50:50 joint venture partnership with Balfour Beatty.

Elsewhere, it also completed marine lake protection works at West Kirby, for Wirral Council, and continued its £7m two year framework to undertake key waste management work in Yorkshire, for Waste Recycling Group.

Sign up to our FREE email newsletters or subscribe to our RSS feed for regular updates on the latest construction news, construction tenders, construction data, and construction law.

Got a story? Email news@theconstructionindex.co.uk

MPU

Click here to view more construction news »