Water and Effluent Treatment Magazine
Issue link: https://fhpublishing.uberflip.com/i/323010
36 Leaders 2014 NMC's utilities division back in the black north midland constuction nunn close, the county Estate, huthwaite Sutton-in-Ashfield, Nottinghamshire nG17 2hW t: 01623 515008 www.northmid.co.uk the LeADeRS 2014 North Midland Construction (NMC) says its water business, essentially Nomenca and NMCNomenca, have "per- formed very well". The group adds that it "is heartening to report a return to profitability in the Utilities division on the back of increased revenues". NMC says the group's secured order book for its current financial year is about £150M and only at this stage includes firm orders placed under framework contracts. These orders will increase as there is good visibility of the projected level of expenditure on the major frameworks. The construction market, says the group, remained extremely difficult during the year with reduced revenues on all non-water related frameworks and severely constricted margins on all tendered work. These market conditions, coupled with "an extremely disappointing performance" within the building and civil engineering division (B&CE), delivered a loss before tax of just under £6M (2012: £0.71M profit) on a revenue increased by 5.11% to £177.6M (2012: £168.93M). NMC says further delays and cost over-runs on two problematical contacts, both of which will involve major contractual claims, along with poor overall operational performance, contributed to a £9.51M loss in the B&CE division. The division has now been totally restructured under new management and the risk profile of future contracts undertaken has been reduced. NMC says NMCNomenca had "an exceptional year", delivering an operating profit of just under £2.5M last year, compared with £1.9M in 2012, on revenue of more than £79M. Severn Trent Water has reappointed the company for AMP6. THE SOLUTION concrete steel clean water civil engineering waste water Tel 01234 750924 email enquiries@stonbury.co.uk www.stonbury.com MARKET LEADERS IN THE REFURBISHMENT OF WATER RETAINING STRUCTURES & ASSOCIATED ASSETS RESERVOIR & WATER TOWER REFURB - SEWAGE TREATMENT WORKS, PIPE BRIDGE & AQUEDUCT REFURB - STEEL & CONCRETE TANKS & VESSELS REFURB/ REPLACEMENT - SPECIALIST COATINGS - WATERPROOFING - CORROSION PROTECTION - INSPECTION - CLEAN & CHLORINATION - CIVIL ENGINEERING - SECURITY WORKS INC LPC4 ACCESS COVERS, LADDERS, HANDRAILS & WALKWAYS thE numBErs 10 11 12 % chanGE Sales £M 164.5 167.2 168.9 1 Gross profit £M n/a n/a n/a n/a Operating profit £M 3.9 -0.7 0.8 208 Pre-tax profit £M 3.7 -0.8 0.7 191 Staff 961 993 1,007 1 Net assets £M 19.9 18.3 18.3 0 thE ratios 10 11 12 % chanGE Return on capital % 18.7 -4.3 3.9 191 Gross margin % n/a n/a n/a n/a Operating margin % 2.4 -0.4 0.5 207 Net margin % 2.3 -0.5 0.4 190 Sales/employee £K 171.2 168.4 167.8 0 Missed out on advertising opportunities in The Leaders 2014 Don't miss out in 2015 For display advertising call Deborah Lilley on 0114 264 5492 or email her at deborah.lilley@fav-house.com A supplement to WET News and WWT The WET News & WWT definitive guide to the largest contractors in the industry leaders The 2012 NEWS WATER AND EFFLUENT TREATMENT NEWS WET The WET News & WWT definitive guide to the largest contractors in the industry May THE LEADERS 2014 WET NEWS The Wet News & WWT definitive guide to the largest contractors in the industry