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Turner & Townsend boosts UK revenue and profit

Construction consultant Turner & Townsend has increased revenue and profit in the UK.

The firm posted UK revenue of £157.6M for the year to 30 April 2015 – a hike of 9% from the previous 12 months.

It also boosted operating profit before amortisation by 5% over the same period to £16.8M.

It came as Turner & Townsend increased global revenue by 8% to £379.9M and worldwide operating profit by 11% to £36.9M.

Global infrastructure revenue grew by a fifth to £106.2M.

Headcount at the firm grew by 14% in a year to 4,102 people on 30 April 2015.

“Our diverse business model has allowed us to adapt successfully to this year’s shifting marketplace, and delivered some exceptional results both in our emerging markets and in our more mature regions,” said Turner & Townsend chief executive Vincent Clancy.

“In the 12 months to April we grew our global footprint by supporting projects in a total of 130 countries, and increased our capability by recruiting talent at all levels of the business.”

The firm said it would now switch to a limited liability partnership.

“We have decided the time is right to convert to a partnership,” said Clancy.

“The switch to a partnership at a time of such strength is both an investment in our most outstanding talent, and a clear statement of intent to be the world’s leading independent capital programmes professional service provider by 2020.”

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