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Engineered by us. leaders 2104 31 Laing O'Rourke well positioned to realise goals Top accolade for McNicholas laing 0'rourke Bridge Place 1&2, anchor Boulevard Crossways, Dartford, kent, Da2 6Sn T: 01322 296200 www.laingorourke.com McniCholaS lismirrane industrial Park, elstree road elstree, hertfordshire, WD6 3ea T: 020 8953 4144 www.mcnicholas.co.uk the LeADeRS 2014 Privately-owned international engineering business Laing O'Rourke has delivered "another creditable perfor- mance, generating strong cash flows, earnings and forward orders", according to its chairman, Ray O'Rourke. The company has made good progress against its strategic mission to become an enduring engineering enterprise that delivers excellence. During the year, Laing O'Rourke made significant progress in streamlining its engineering-led business offering for clients. The group also delivered a robust operating performance in its international construc- tion and infrastructure businesses, and continued to improve its agility and efficiency, realising cost savings that will be invested to enhance its service to clients. McNicholas has featured in Sunday Times Top Track 250 league table of Britain's leading mid-market private companies for the second time in three years. It is the second time in three years that McNicholas has received the accolade, having been recognised for the first time in 2010. The company specialises in contractor services to the utility and infrastructure sectors. It offers a range of professional disciplines in civil engineering, construc- tion, mechanical and electrical engineering, information technology and general management. It works in four main sectors: • Utilities (water, power and gas) • Communications • Rail • Renewables. The company is also able to provide multi-utility solutions. O'Rourke says: "As the world economy gradually returns to growth, rising incomes and increased prosperity – with associated industrialisation and urbanisation – will continue to drive demand for innova- tive engineering and construction services." O'Rourke continues: "The group is well positioned to achieve its goals in the period to 2015 – increase financial The company says that an understanding of the changing nature of the utility market plus its expertise and experience in utilities design and construction, enables it to provide a full range of services for the provision of new infrastructure. The company says it can identify utilities infrastructure procurement and solutions options including installation and potential adoption by host utilities, retention of private networks and installation by independent Infrastructure Service returns, deliver for clients, develop and grow our people, and act responsibly." He says the international engineering enterprise "is taking shape. "The market is responding positively to our DfMA agenda and, from my perspective, I believe we are leading the way in our sector by exploiting the available technology that will make our industry world-class," he says. Providers (ISPs). Through early involvement with projects, McNicholas says it can help with project feasibility, programming and liaison with interested third parties. The company also offers comprehensive survey and mapping of existing utilities with the design of associated diversions including, if necessary, tunneling. The company also offers a 3D modelling capability to customers along with full design services through its in-house civils team. The nuMBerS 10-11 11-12 12-13 % Change Sales £M 116 154.6 176.7 14 Gross profit £M 16.2 14.2 20.1 42 Operating profit £M 2.6 0.8 5.1 571 Pre-tax profit £M 1.4 0.3 4.7 1,701 Staff 1,015 1,502 1,585 6 Net assets £M 8.8 6.8 8.9 31 The raTioS 10-11 11-12 12-13 % Change Return on capital % 16.1 3.8 52.8 1,277 Gross margin % 14 9.2 11.4 24 Operating margin % 2.2 0.5 2.9 487 Net margin % 1.2 0.2 2.6 1,475 Sales/employee £K 114.2 102.9 111.5 8 The nuMBerS 10-11 11-12 12-13 % Change Sales £M 176.8 206.8 179.3 -13.3 Gross profit £M 4.6 -4.3 0.2 -103.7 Operating profit £M -3.2 -14.5 -10 -30.7 Pre-tax profit £M -3.2 -14.5 -10.1 -30.7 Staff n/a n/a n/a n/a Net assets £M 1.0 -9.8 -17.4 -78.6 The raTioS 10-11 11-12 12-13 % Change Return on capital % -322.4 148.7 57.7 -61 Gross margin % 2.6 -2.1 0.1 104 Operating margin % -1.8 -7 -5.6 20 Net margin % -1.8 -7 -5.6 20 Sales/employee £K n/a n/a n/a n/a

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