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Welcome statement from Stephen Fox,
Chief Executive, BAM Nuttall Ltd
BAM Nuttall has again enjoyed a successful year in
2009, despite changing market conditions. The entire workforce
has shown great resilience and demonstrated their ability
to provide sustained performance.
The BAM Nuttall financial results reinforce BAM’s position
as a major civil engineering company in
the UK construction market. Turnover at £644 million
(2008 - £650m) confirms this. Pre-tax profit at £24.1
million (2008 - £28.4m) represents, once again a market
leading margin of 3.7%
The forward order book as at 31 December 2009 stood at £715
million. A number of significant
awards in January and February 2010 have added to a solid
position for 2010 and helped to build secured work for 2011.
With public spending cuts on the horizon, BAM Nuttall continues
to focus on projects and sectors where there is greater security
of funding.
Working in combination with BAM Group companies and also
some of Europe’s other leading
construction organisations BAM Nuttall is beginning to leverage
the business into a superior market
position and play a more prominent role in improving the UK’s
major infrastructure. This growth
can be seen in the substantial contracts that have already
been secured in the waste, energy and rail sectors. The company
operates in all sectors of the civil engineering market through
a network of business units, divisions and subsidiaries with
a directly employed workforce of over 3,000 people.
Following the first assessment of our ’Carbon footprint’
in 2008 and the clear indication of where we need to concentrate
our efforts to reduce carbon emissions, we have taken steps
to reduce our consumption of gas oil on sites. A reduction
of some 2.3 million litres of gas oil has contributed significantly
to a 10% reduction on CO2 emissions in 2009 compared with
2008, when calculated on a like for like basis.
2009 saw the launch of the BAM Nuttall web based sustainability
report, covering many aspects of our safety, health, environment
and community engagement activities.
Our Health and Safety performance was strong during the year
with an accident frequency rate of 0.21 as at 31 December
2009. The overall trend continues to be downward as a result
of vigorous awareness campaigns driven by our overall vision
of achieving ‘Beyond Zero’ health, safety and
environmental incidents.
In September 2009, Beyond Zero week proved to be a great
success with many participants from
throughout the company and our supply chain. A similar week
is being planned for 2010.
The company is totally committed to improving the skills
of its personnel at all levels within the
organisation. The site workforce is encouraged to undertake
National Vocational Qualifications
to improve their skill levels, there is a comprehensive training
and mentoring programme for new
student entrants and a significant investment in management
development.
Our investment in training and management development remains
at a high level and the results are demonstrated by the following
statistics in 2009:
• 657 NVQs awarded (out of 4,258 awarded to date).
• 42 sponsored students and 55 on placement.
• 28 construction contracting apprentices and 29 craft
apprenticeships.
• 60 employees undertaking the ICE training programme
• 60 employees undertaking the ICES training programme
• 40 employees on our 18 month supervisor training programme.
• 106 employees undertaking further education programmes
via day release or block programmes.
A number of highly prestigious contracts are currently in
progress, such as the remediation of the
Olympic Park at Stratford in East London, the Britned Interconnector
Cable project (with involvement from BAM Civiel), the Cambridgeshire
Guided Busway, a new aircraft carrier dry dock in Rosyth,
the upgrade to the Blackpool Tramway (with BAM Rail), the
redevelopment of Kings Cross Lands (with BAM Construct) and
also framework contracts with Network Rail and Cheshire West
County and Chester Council.
Completed projects include the Tipton Relief Road near Birmingham,
which involved the construction and jacking of a 6,500 tonne
concrete box, a coastal defence scheme at Aberaeron in Mid
Wales, the Waterbeach Mechanical Biological Treatment Plant
near Cambridge and the Llandysul Bypass in Mid Wales.
Major schemes secured recently include the upgrade of Tottenham
Court Road tube station in London, the Evergreen 3 rail improvement
scheme, which will dramatically reduce journey times between
London Marylebone and Birmingham and the refurbishment of
the north bound bore of the Blackwall road tunnel in London.
Looking to the future the Board is very aware of the changes
in the economic climate and the effect
that a restraint in public expenditure will have on the construction
industry over the next few years.
Our strategy is to remain focussed on maintaining a strong
regional presence, supported by work
from specific sectors. Rail, waste and energy markets will
remain our primary focus. In addition, we need to continually
improve productivity and efficiency, whilst maintaining excellent
customer service throughout the project cycle. Our Health
and Safety performance and long term vision, Beyond Zero,
will never be compromised.
On behalf of the Board, I would like to thank all BAM Nuttall
employees and our supply chain partners for their contribution
towards achieving our 2009 results.
Stephen Fox
Chief Executive
Our vision is simply
to be; everyone’s preferred civil engineering company
with contemporary views and a sustainable future |
