UK construction consultancy Turner & Townsend says it has managed to weather the downturn and see global profits rise by 29%, including a 27% rise within the UK.
In the year to the end of April, the Leeds-headquartered consultancy also saw global turnover rise above the £300m mark for the first time, reaching £318m. Its operating margin moved from 9.7% to 10.5%.
The consultancy is also bucking the trend in increasing its global workforce over the year by 16% to 3239. In the UK it increased staff numbers to 1,587, and the new employees include 54 graduates – its largest ever intake in one year.
Within the UK revenue rose by 14% to reach £133m, on profits of £14.8m.
UK managing director Steve McGuckin said: “The UK market is still far from rude health, but our diversified business helped us compete – and win – across a range of sectors, and our work on a series of major infrastructure programmes like London’s Crossrail continues to strengthen our pedigree and provide long-term revenue.”
For the past two years the consultancy has gained more than half its revenue from outside the UK, and this year the non-UK proportion rose to 54%. This is partly the result of opening eight new offices, entering Norway for the first time through an acquisition, and extending further into the USA, also by acquisition, as well as Germany, the Netherlands and China.
Chief executive Vincent Clancy said he was positive about the year ahead. “While we remain cautious about the impact of increasing economic volatility in our developing markets, our flexibility, determination and uncompromising approach to delivery will carry on driving us forward,” he said.