Turner & Townsend builds growth around the globe

GLOBAL construction consultancy Turner & Townsend achieved record operating profits in the year to April as it continued to grow across the globe.
The Leeds-based group has increased turnover by 75% in five years, to £380m, of which around 40% comes from the UK. Last year, revenues increased by 66% in Latin America, 45% in the Middle East and 22% in Asia as its 4,100 staff across a global network of 90 offices contributed to Turner & Townsend’s ongoing growth.
The company plans to respond in kind, and intends to convert to a limited liability partnership.
“With our operating profit rising by 11% to an all-time high of £37m, we have decided the time is right to convert to a partnership,” said Turner & Townsend’s chief executive Vincent 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.”
The group said that its long-term strategy of diversification – both geographically and across its three core sectors of property, infrastructure and natural resources – is behind the strong increase in operating profit.
Mr Clancy added: “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.
“Our record turnover of £380m is an endorsement of the consistent investment we’ve made in the company – and in our staff – over the past five years, and an important milestone in our long-term plan for sustainable growth.”

Close