BAM Construct UK delivers improved profit in 2015
Hemel Hempstead, 23 August 2016 - BAM Construct UK earned a profit of £13m in 2015 on a turnover of £897.5m; achieving a margin of 1.4%, with improved cash and working capital position. The company entered 2016 with a forward order book of £1,723.5m. The company lodged its 2015 report and accounts in Companies House this week.
Chief Executive, Graham Cash, said: ‘2015 was another steady year with profit increasing as BAM Construct UK emerged from the recession. Our margin improved to 1.4% compared to 0.8% in 2014.’
‘Collaboration is a key component of our culture due primarily to the quality of our staff. Our open, collaborative, approach to working with our clients and all our partners on a project is a key differentiator and was a factor in winning a number of projects in 2015 even though we were second or third on price. This approach is why we perform well on frameworks. I am delighted that customer satisfaction ratings from our clients increased in 2015.’
‘I am also pleased that we improved our health and safety performance, exceeded our targets in reducing C02 emissions and made a contribution of cash and in-kind of £557,000 in the communities where we work.’
‘All of the ten operating companies in Royal BAM Group are now aligned to the strategy known as ‘Building the present, creating the future’ to 2020 and beyond. It involves working together more closely, by sharing knowledge and expertise and being at the forefront of technological development in the industry. For BAM Construct UK it means that our goal will be to grow margin rather than turnover. We aim to improve profitability through greater efficiency, especially at pre-construction stage, through developing technology, and by maintaining and developing long term relationships with like-minded clients, particularly in the health, higher education, commercial and leisure sectors.’
‘So far, we are not experiencing any direct impacts from the decision to leave the European Union. I believe our core strategy will enable us to be resilient in the face of any uncertainties in the next few years arising from Brexit’, concluded Graham Cash.