John Sisk & Son has today reported strong year on year turnover growth in its annual results for the year ending December 2010.
John Sisk & Son is the UK operating arm of one of the largest construction-based groups in the UK and Ireland.
Turnover has increased to £278M from £161M the previous year, driven by a strategy of leveraging SISK Group capability and resources in sectors such as civil engineering and energy whilst continuing to invest in traditional core areas of expertise.
During 2010, John Sisk & Son secured a number of civil engineering and energy projects alongside larger value contracts in its existing areas of strength, which include the hotel & leisure, commercial, retail and residential sectors.
This was in line with SISK Group strategy to diversify the business and increase the geographical reach of its operations.
The company has a healthy pipeline of work, which will deliver further growth for the 2011 financial year and beyond.
Some of the notable successes in 2010 include securing:
- W05 Hilton Hotel and Student accommodation, Wembley
- Rathbone Market, Canning Town
- Runcorn Waste to Energy
- Holiday Inn Express Manchester
- Crossrail Eastern Running Tunnels (£550M) in a joint venture with Dragodas S.A.
Sisk also secured work under various framework agreements in 2010 for:
- Olympic Delivery Authority
- Network Rail
- Royal Mail
John Sisk & Son UK managing director Paul Wilson said: “Our strategy of continued investment during 2009 and 2010, enabling us to deliver larger value and Civils projects, has been successful.
“With the support of SISK Group, we will continue to drive further growth. Our order book and pipeline remain strong and we view 2011 and beyond positively.”
“Throughout the year we continued to invest, in particular enhancing the company’s Major Projects, Civils, Energy and Industrial Process capabilities.”
John Sisk & Son won the longest, 11.95km eastern running tunnels contract on Crossrail, worth £500M in a joint venture (JV) with Spanish construction giant Dragados, in December 2010.