BAM sees profit in UK

BAM’s three UK operations managed to increase joint profits in 2012 by £5.3m despite a drop in turnover of just over £100m, the company reported today.

Two of the Dutch company’s UK operations – BAM Construct UK and BAM Nuttall – both saw profits increase considerably. At BAM Construct UK they rose by 20.1% to £13.9m, while at BAM Nuttall they rose by 22.3% to £18.1m.

Only at the much smaller BAM PPP did profits dip slightly from £3.1m to £2.7m, although it was the only one of the three operations where turnover stayed roughly stable at £55.8m, £38m of which was construction turnover.

Martin Rogers, a member of the executive board of Royal BAM Group, said profitability had improved “primarily as a result of careful market positioning, project selectivity and improved risk management and project execution”.

“Although their turnover in 2012 was lower than the previous year, combined revenue of £1.7bn is evidence that the BAM brand is a significant force in the UK construction sector,” he said.

Your News

If you've got a story that would be of interest to Builder & Engineer readers, send us an email


2017-05-31 13:33

The rate of Insurance Premium Tax (IPT) will rise by two per cent on June 1 to 12 per cent on all non-exempt transactions. Martin Bennison, managing director at construction finance firm Ultimate Finance, explains what this means for UK construction companies.

2017-05-25 08:41

Building Information Modelling (BIM) is growing in popularity and is now mandatory for centrally funded public-sector projects. Experts and the curious are gathering more and more frequently at dedicated congresses, exhibitions and workshops. Many people are now asking: Where does the UK stand on the issue of BIM and the digitisation of the construction industry?

2017-05-10 10:47

Opening site doors to more females is vital to plugging the construction skills gap, reports Claire Cameron

THE construction industry continues to be plagued by a well-documented skills gap with some suggesting the shortage could get worse before it gets better.

2017-05-08 14:27

If you work on a building site, are self-employed or have a zero-hours contract, you might be surprised to know you work in the ”gig economy”. This is the economy characterised by temporary work and irregular hours, pay and working conditions.

2017-03-29 10:31

Jeremy Gould, VP sales Europe, TomTom Telematics, discusses how technological developments in vehicle telematics have opened up new workflow management possibilities for the construction industry

2017-03-21 09:31

With the demand of oil increasing, it’s estimated that the Earth will reach its full capacity for oil consumption at some point within the next 20 years. This is despite the production of oil decreasing, and the construction industry is no exception to this, reports Niftylift.

2017-03-17 10:55

With construction firms leading the way in drone technology, Claire Cameron takes a closer look at how unmanned aerial vehicles (UAVs) can be used onsite

2017-03-07 16:20

While the physical safety of workers is prioritised on construction sites, mental health is often overlooked, reports Claire Cameron

Free E-newsletter Sign-Up

Sign up for our free e-newsletter

Looking for a company or service?