Despite a booming civils sector, 39% of civil engineering firms report declining financial performance in the last year and over 20% have been struggling to improve their financial situation for two years or more, according to research by analyst Plimsoll Publishing.
Half of the 2,000 firms polled said turnover and profits increased in the last 12 months, with 11% reporting no change.
Consultant White Young Green made a £1.9M pre-tax profit on £30.9M turnover in the last six months of 2001.
Turnover was up 23% on the same period in 2000, but profit rose by just 1%.
WSP's turnover for last year was up 63% at £225M.
The firm made a pre-tax profit of £11.5M, up 32% on 2000.
Project management staff will be seconded from consultant Symonds to the client for the new Wembley Stadium under a contract signed this week.