Tim Peach
Managing Director, Taylor Woodrow Construction
Construction
Page turn
Quality reputation
Construction strategy
- Provide construction and facilities management services to high growth industry sectors throughout the UK and for key customers in selected overseas markets
| Construction key performance indicators | 2007 |
|---|---|
| Operating margin* | 0.6% |
| Order book | £1,194m |
| Customer satisfaction | 88% |
| Health and safety (incident rate per 1,000 employees and subcontractors) |
6.8 |
Construction growth opportunities
- Secure repeat business by building strong relationships with blue chip clients
- Continue to grow our facilities management business
Performance
Revenue increased by 10.7% in 2007 to £609.3 million (2006: £550.6 million), delivering an operating profit* of £3.5 million (2006: £9.6 million). This fall is primarily due to the losses on a small number of road construction contracts in Ghana. We have no further similar contracts. The UK business delivered a strong performance, recording an operating profit of £17.8 million (2006: £6.8 million).
The year end order book stood at £1.19 billion (2006: £1.17 billion), reflecting a steady flow of contract awards in our chosen sectors. In particular, our facilities management operations have secured a number of new contracts from blue chip customers.
Going forward
Our strong forward order book gives us confidence in our abilities to grow profits in 2008.
* Profit on ordinary activities before finance costs, exceptional items and amortisation of brands.