Costain hopes to target a wider range of work following rebranding of its Geotechncial Services business under the banner of Costain Environmental Services.
New operations manager Paul Clough, who previously headed up Costain’s Southern Water framework contract delivery company 4D, has been appointed to lead expansion of the range of services.
We’re moving into areas such as waste consultancy and geo-environmental studies, which involves monitoring nuisances such as noise and dust. We’re also expanding into such things as instrumentation and monitoring – we’ve won a job recently at Paddington Station to install inclinometers and other sensors measuring alignment and displacement in the huge box that is being dug for the new Crossrail station.
“Historically, our geotechnical services and materials testing have been highly regarded and we fully plan to support those businesses, but in terms of profitability we do see other markets as more beneficial. Some of the margins, particularly in materials testing, are tightening.”
Clough said his target over the next year is to grow revenue and margins through organic growth but he added that he has not ruled out expanding services through acquisitions.