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Turnover up for Turner & Townsend

30 Jul 14 Construction consultant Turner & Townsend saw its UK revenue grow by 11% to £148m for the year ended 30 April 2014.

CEO Vincent Clancy
CEO Vincent Clancy

Globally, gross revenue increased 12% to £357.4m, making it Turner & Townsend’s fourth successive year of growth. Group turnover has grown by 51% since 2011.

Pre-tax profit was up 12% to £33.3m.

Revenue net of subcontract costs was £322.2m, a 12% rise from the previous year's £286.3m.

The UK remains the company’s largest market, but there was 46% growth in the Middle East last year and 33% growth in Asia.

In the UK, an operating profit of £16.5m was made, thanks to projects including Crossrail and the Battersea Power Station redevelopment.

CEO Vincent Clancy said: “After four years of uninterrupted growth, Turner & Townsend continues to deliver record turnover while building further momentum towards our long-term objectives.”

Staff numbers at the year end were 3,660 (2013: 3,239) across 87 offices worldwide, with more than 55% of employees based outside the UK. New offices were established in Seattle, Phoenix, Chicago, Bogota, Rio de Janeiro, Hamburg, Maputo and Jakarta.

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