Product category:
Ground Engineering
News Release from: Hewlett Civil Engineering
Edited by the Buildingtalk Editorial
Team on 07 December 2007
Hewlett Civil Engineering latest
financial results
Hewlett Civil Engineering announces preliminary results for the year ended 31st March 2007 including Group turnover increased by 13%.
HEWLETT Financial Results for the year ended 31st March 2007 Hewlett Civil Engineering, today announces its preliminary results for the year ended 31st March 2007
This article was originally published on Buildingtalk on 2 Sep 2005 at 8.00am (UK)
Related stories
Miller Homes calls on Hewlett experience
Hewlett Civil Engineering is assisting Miller Homes with a major regeneration project at a former colliery site in Allerton Bywater, near Leeds.
Another first for Hewlett
Hewlett is celebrating another first after being nominated as approved contractor for package of works at Sterling Capitol's latest business park development in Barnsley.
Operational highlights.
- 2007 marked 20th year.
- Re-structure of board of directors - as result of continued successful growth and in order to strengthen the Senior Management team.
Further reading
Multi-million residential scheme for Hewlett
Hewlett Civil Engineering has been appointed as the principle contractor for a new multi-million pound residential development by Barratt, Persimmon and Chartdale Homes.
Two new PFI successes for Hewlett in Yorkshire
Hewlett Civil Engineering has been successful with two bids for PFI projects: for Balfour Beatty in Pontefract and Bovis Lend Lease in Sheffield.
- A new Operations Board of Directors established.
- A new Executive Board of Directors established comprising John Duffy - Chairman, Alan Cooper - Managing Director, Mark Hills - Group Financial Director and John Spear - Financial Director.
Financial highlights.
- Group turnover increased by 13% to GBP42.7m (2006: GBP37.7m).
- Operating profit increased by 1.9%.
Alan Cooper, Managing Director commented: "This has been a historic year for Hewlett marked by our 20th anniversary and considerable change in the business structure.
I am pleased to be able to report a year of significant success and achievement for Hewlett.
Revenue, profit, margins and future contracts are all at record levels.
The Group remains confident that it has the vision, financial capability, business model and skills mix to enable it to fulfil its ambitions and deliver continued success.
"Completing a substantial number of contracts ranging in value from GBP100,000 to GBP9.5 million, we have delivered a solid performance in the last financial year and as trading conditions for engineering services in the UK remain favourable, with strong sustainable growth being experienced at the present time in highways, rail infrastructure, private sector development work and industry generally, the outlook for 2008 is therefore very encouraging.
"Our progress within the industry has been strong with the changes in operational structures and management all now in place.
Turnover increased from GBP37.7m to GBP42.7m, a 13% increase on the previous year.
"Recognising the strength of our performance for this year, our commitment for the coming year is to continue to deliver customer satisfaction and value, with the intent of moving towards a predicted increased turnover of over GBP50million "By ensuring that our well respected service capabilities are being fully utilised, that costs are being tightly managed and that we prudently manage our balance sheet we remain confident that we can continue to compete effectively going forward.
Unprecedented volumes of new business have been secured going forward into the next five years, and the current year has started strongly with trading conditions continuing to be very favourable in all key areas of business activity.".
• Hewlett Civil Engineering: contact details and other news
• Email this article to a colleague
• Register for the free Buildingtalk email newsletter
• Buildingtalk Home Page
Search the Pro-Talk network of sites
