Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

WSP plots assault on highways market


CONSULTANT WSP said this week it was planning an aggressive move into local government highway management work after experiencing sluggish growth in the British infrastructure market.

Chief executive Chris Cole said he also wanted to forge new links with contractors for Highways Agency work in a bid to boost orders.

The firm is in the top five in the Highways Agency's Capability Assessment Toolkit rankings, but appears to be losing out to other consultant/ contractor combinations.

Results published last week show that WSP increased pretax profi from £14.8M to £20.2M on turnover up from £322.3M to £373.9M in the year to 31 December.

The figures were restated to reflect changes in tax and pension accounting.

Property was WSP's strongest performing division with work in the Middle East and the United States contributing to increased operating profits of £11.5M, up from £8.9M. Property turnover was up from £175M to £203M.

The company has just won work on the 65 storey building next to New York's Freedom Tower and is opening offices in Las Vegas and Los Angeles in response to demand.

But transport and infrastructure saw slower growth with operating profits increasing from £5.3M to £6M on turnover up from £91.4M to £101.8M.

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Please note comments made online may also be published in the print edition of New Civil Engineer. Links may be included in your comments but HTML is not permitted.