Chairman Roger Fidgen said: "Over recent months, excellent progress has been made on a range of projects where Waterman is providing engineering and environmental support. We are experiencing continued growth in our core markets… which reinforces our targeted tripling of the adjusted profit before tax over the next three years. “
Recent commissions for Waterman include:
- technical support to developer Almacantar for a recently-announced 40,000m2 redevelopment of the Marble Arch Tower in London
- environment impact assessment services for phase 2 of the Battersea Power Station masterplan, which relates to the transformation of the Grade II listed building
- structural consultant for Westfield and Hammerson's £1bn regeneration scheme of Croydon's shopping centre
- structural, building services and environmental consultant for a 24-storey development at One Angel Court in the Bank Conservation Area in central London for Mitsui Fudosan and Stanhope.
Having withdrawn from China and the UAE, domestic UK projects now account for more than 80% of Waterman's revenues. However, it is continuing to secure business in Ireland and Australia.
The four year West Midlands Highways Alliance Framework, which was won in June 2013, has contributed to a 28% growth since the beginning of the year in the number of civil engineers on secondment to local authorities through its Waterman Aspen subsidiary to 272 in number at the end of October 2013.