Contractor makes announcement after a 拢200m drop in turnover
After a 拢200m drop in turnover Sir Robert McAlpine has said it will now prioritise chasing 黑洞社区 Schools for the Future work.
The firm's parent company, Newarthill, has released its financial results for the year ending 31 October 2009. The firm's turnover has dropped from 拢1.8bn in 2008 to 拢1.6bn in 2009. However, its pre-tax profit rose from 拢33m in 2008 to 拢61m in 2009.
Regarding the construction part of the firm, the statement said: 鈥淥ur construction division marked its 140th anniversary with another profitable year. Our turnover of 拢1bn remains concentrated in the commercial, leisure, education and infrastructure sectors.鈥�
Highlights for the firm in 2009 have included handing over 724 flats at the former Highbury Stadium in London to Arsenal Football Club, and continuing with work on the 80,000-seater main stadium at the Olympic Park, London, where the external structure has now been finished.
It has also picked up several new contracts, such as the National Indoor Sport Arena and the Sir Chris Hoy Velodrome, both of which will be built in Glasgow for the 2014 Commonwealth Games. It gained a place on the shortlist for a 拢400m 鈥渟uper-lab鈥�, which will be built in London's King's Cross for the UK Centre for Medical Research & Innovation, and it is tipped to take the 拢150m Milton Court office job at London's Barbican.
However, a note on the report said the firm would now be paying particular attention to finding 黑洞社区 Schools for the Future work: 鈥淲e face a substantial commitment to this particular part of our business and continue to invest in PFI projects. We are prioritising the bidding of BSF projects.鈥�
The firm won an eight-school BSF deal in Newcastle during 2009. It previously won a seven-school deal in Gateshead.
The statement also said that its renewable energy division - Renewable Energy Systems Holdings Limited - was hived off the construction core in October last year and will now operate as a sister company.
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