Esher 31 July 2012: Keltbray Group, which is a UK leading specialist engineering, construction, decommissioning and environmental services provider, today announced a 20 per cent increase in turnover for the financial year ending 31 October 2011, from £87 million (2010) to £108 million. During the same period, operating profit also rose to £420,000.
Group Finance Director, John Keehan, said: “Despite the prolonged, weak economic climate we are currently operating in, Keltbray is experiencing significant growth, and has started to reap the benefits of an assertive diversification strategy and extended geographical reach. From being a demolition and civils focused business in the South East; Keltbray is emerging into a turnkey specialist business, which provides integrated services to meet the needs of diverse and complex contracts in the areas of demolition and civil engineering, rail and environmental materials management nationwide.”
Keltbray, which has around 800 employees across the business, embarked on a strategy in 2009, to invest in the areas of rail, nuclear and waste management. This strategy is now bearing fruit, and in 2011, the company’s rail operations which cover engineering, electrification, track, plant hire and signaling, increased its turnover by 67 per cent. Following a significant investment in skilled people and plant to improve its position for overhead line engineering work as part of the Government’s rail modernisation strategy, Keltbray secured a £46 million contract earlier this year to provide Power Supply Upgrade for Network Rail on the West Coast Main Line.
Keltbray’s Demolition and Civils operations, which include demolition, specialist civil engineering and groundworks, piling, asbestos handling, haulage and plant hire, increased its turnover by 20 per cent during 2011. This is a significant achievement in an increasingly competitive market, where margins are tight. Key to this development is the company’s joint venture, the Doosan Keltbray Consortium, which has been awarded several deplanting and asbestos removal contracts at Bradwell Power Station, as part of the five-year demolition framework contract set up by Magnox, which operates 10 nuclear sites throughout the country.
Keltbray’s Environmental Materials Management businesses, which last year saw the acquisition of Golf Environmental, has extended Keltbray’s recycling and material management offering, and is improving recovery levels, reducing waste and diverting it from landfill. The company is now well into a four-year contract of providing up to 100,000 tonnes per annum of reclaimed soil for a new 18-hole golf course at the Ageas Bowl County Cricket Ground (formerly known as the Rose Bowl) in Hampshire, and recently secured planning to construct a new practice facility for Chipping Norton Golf Club.
Despite the uncertain economic outlook, John Keehan is optimistic about the year ahead: “We are in a great position to further bolster growth in the rail, nuclear and environmental sectors, which are amongst the few construction market segments that look strong in the short to medium term. We will also continue our strategy of building on our core strengths in demolition and civil engineering.”
For more information, please contact Keltbray’s head of communications, Marit Meyer-Bell, on tel. 0786 765 3392 or by email to [email protected]
Keltbray is the UK’s leading specialist engineering, construction, decommissioning and environmental services business providing fully integrated services to meet the needs of diverse and complex projects. We are committed to engineering innovation and industry leadership in health, safety, quality and the environment. Our in-house training focuses the business on excellence and on delivering value to our clients thereby fostering long lasting relationships and partnerships. High profile projects include Europe’s tallest building – The Shard, London’s Thames Link and deplanting at Bradwell Power station. For more information, see www.keltbray.com