Water and Effluent Treatment Magazine
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20 Leaders 2015 Dawnus to extend its UK presence Costain Costain House Vanwall Business Park Maidenhead Berkshire sL6 4UB 01628 842444 www.costain.com DawnUs 7 Duffryn Court Riverside Business Park swansea Vale swansea sa7 0aP 01792 781870 www.dawnus.co.uk the LeADeRS 2015 Costain's Natural Resources division comprises the group's water, oil & gas, nuclear process and waste activities. The group has been awarded places on the five-year AMP6 programmes for Thames Water, Severn Trent Water and Southern Water. It is also continuing to deliver the large wastewater treatment plants at Liverpool and Woolston, and has completed the Brighton & Hove scheme. Also, work commenced on the Shieldhall contract with Scottish Water. The Southern Water AMP6 deal is one of several highlighted that has led to a record £3.5bn group order book. The Natural Resources order book is worth £1.2bn. Group chief executive Andrew Wyllie says: "Our major customers, who are spending and will continue to spend billions of pounds in meeting national infrastructure needs, are consolidating their supply chains as they seek to derive business benefits by working Dawnus Construction Holdings has been ranked fi"h in the South West Wales Top 100 Companies as well as listed as the third biggest employer in the region. The company has also relocated its Midlands division to a new office in Birmingham to increase focus on its projects and frameworks from a more central location in the heart of the Midlands. The move is part of a plan to target significant expansion in the Midlands area. Russell Evans, Dawnus Construction Holdings managing director, says: "This signifies a strategic move in Dawnus to extend our geographic coverage in the UK. It allows us to develop our well tried and tested formula to provide a comprehensive and value for money service to our growing client base." A major contract for in a more strategic and collaborative manner with a reduced number of preferred Tier One providers through larger longer-term contracts. To be successful in the future we must continue to grow the business, both organically and by targeted acquisition, to ensure that we have the scale and capability to satisfy the full range of their service needs for increasingly complex and large-scale projects." The Natural Resources division's revenue (including share of joint ventures and associations) for 2014 was Dawnus is the Environment Agency's Midlands and Anglian Minor Works Framework for flood prevention, worth up to £30M over four years, to 16 firms. The work covers smaller civil engineering and maintenance works on watercourses including: • Delivery of low complexity civil construction works • Maintenance works of watercourses and structures down at £335M (2013: £397.6M), with adjusted profit from operations, including £4M profit on transfer of interest in associates to the Costain Pension Scheme, of £0.5M (2013: £12.8M, including £9.1M profit on sale of interest in joint ventures). Costain says the reduced revenue reflects its policy of prioritising and allocating tendering resources towards the most attractive opportunities for growth. The adjusted operating result for the year includes additional costs for the completion of a legacy waste PFI contract. utilising waterborne plant and equipment • The design, manufacture and installation of fabricated static steel and aluminium structures for use on or near watercourses. The work includes projects from small low risk, low value civils work of up to £50K per project extending to water course maintenance to be carried out in coastal and river environments. tHE nUMBERs 2011 2012 2013 % CHangE Sales £M 135.7 176.7 142.3 -19 Gross profit £M 17.2 24.8 11.5 -54 Operating profit £M 13.0 18.3 7 -62 Pre-tax profit £M 12.5 17.6 6.2 -65 Staff 1,524 327 353 8 Net assets £M 15.3 23.1 17.6 -24 tHE Ratios 2011 2012 2013 % CHangE Return on capital % 81.8 76.4 35.4 -54 Gross margin % 12.7 14.1 8 -43 Operating margin % 9.6 10.4 4.9 -52 Net margin % 9.2 10 4.4 -56 Sales/employee £K 89 540.3 403.1 -25 tHE nUMBERs 2011 2012 2013 % CHangE Sales £M 868.5 848.4 885.2 4 Gross profit £M 49.7 54.2 58.5 8 Operating profit £M 22.5 18.3 19.1 4 Pre-tax profit £M 23.9 24.7 12.9 -48 Staff 4,159 4,283 3,620 -15 Net assets £M 30.8 31.8 43.3 36 tHE Ratios 2011 2012 2013 % CHangE Return on capital % 77.6 77.7 29.8 -62 Gross margin % 5.7 6.4 6.6 3 Operating margin % 2.6 2.2 2.2 0 Net margin % 2.8 2.9 1.5 -50 Sales/employee £K 208.8 198.1 244.5 23 Water deals lead to record order book for Costain