NG Bailey, the UK’s largest independent engineering, IT and facilities services provider, has announced its financial results for the year to 28 February 2014, posting an underlying operating profit of £2.1m.
A fall in Group sales of 10% to £380m during the period was attributed largely to continued challenges in the traditional building construction sector and the company enforcing a rigorous selectivity process on bidding to avoid ‘buying’ high risk, low margin work – an approach which contributed to the fall in sales volume.
David Hurcomb, NG Bailey’s chief executive, commented:
“This is a strong set of results achieved against the backdrop of the worst recession seen in construction, one which has been particularly severe for specialist contractors such as NG Bailey.
“This result is testament to the very high quality of our people and the significant investment in training - including in our renowned apprenticeship programme. We have continued to invest in training and in developing new growth sectors throughout the recession as we are confident this will deliver value in the long-term.
“Our Facilities Services, IT Services and Rail divisions performed particularly well, which helped balance the overall result as our other divisions, operating in the more traditional building construction sectors, were hit harder by the financial downturn. “
NG Bailey’s order book currently stands at around £600m with a continuingly expanding customer base across multiple sectors, including UK water companies.
Attendees at next month’s National Civils Show, Floodex, National Drainage Show and Waterways Management on 26th and 27th November are set to benefit from an expert speaker line-up and the opportunity to visit a wide range of exhibitors all co-located in one place at Excel, London, one of the UK’s leading international exhibition and convention centres.
Tackling leakage is one of the fastest and most cost-effective ways for utilities to bolster water security, writes Ben Crabtree, Product Line Director, Ovarro, revealing how the potential of smart technologies is being demonstrated around the world.
UK-headquartered South Staffordshire Plc, the integrated services group operating within the UK critical infrastructure and essential services markets, has received a prestigious Royal Society for the Prevention of Accidents (RoSPA) Award for global health and safety excellence.
Balfour Beatty, the UK’s largest construction and infrastructure provider, has delivered exceptional environmental results on the Thames Estuary Asset Management 2100 (TEAM2100) framework, one of the nation’s most ambitious flood defence initiatives.
Hear how United Utilities is accelerating its investment to reduce spills from storm overflows across the Northwest.
Find out more about the remarkable career opportunities on offer at WSP - scroll down to watch the inspirational video. 
What is to be done about the UK’s failing utilities? Listen to Professor Dieter Helm explore the options to tackle the UK’s failing utilities – Thames Water, the Royal Mail and Network Rail in particular.