€d_Modus Vivendi schreef op 13 mei 2014 12:28:
zou dit de reden zijn? (2013)
13 May, 2014 | By Tom Fitzpatrick
Bam Construct turnover and pre-tax profits shrank in 2013, while working capital was slightly reduced on 2012.
In its full-year accounts released today, the contractor, part of the Royal Bam Group, said working capital was £142.7m in 2013, down 2.7 per cent from £146.9m in 2012.
Group turnover was £839.5m, down 8.5 per cent from £917.2m, while pre-tax profits slid 21.6 per cent to £10.9m (2012: £13.9m).
Its year-end order book grew by 2.2 per cent to £1.85bn, but cash and cash equivalents reduced by 18.4 per cent to £158.9m.
Accident reports dropped from 328 in 2012 to 261 in 2013.
Chief executive Graham Cash said: “Bam Construct has withstood the effects of four years of recession well. Our financial performance in 2013 is reasonable given the market we are in and the impairments that have been recognised as we implement our property divestment strategy.”
He added: “I am pleased that, as we see the first encouraging signs of recovery, we have managed to emerge from the recession the same sized company, still present in all of the regions of the UK, still active in all our markets.”
Google plans:
Google’s £300m new base at King’s Cross, for which Bam was appointed preferred bidder in 2013, has been delayed until at least 2017.
Bam Construct chief executive Graham Cash admitted his disappointment having been “delighted to have been selected as preferred bidder”.
He confirmed Bam Construct will provide sustainability consultancy to Google in the meantime and said Bam’s BIM capability had contributed to its preferred bidder status on the job.