Redhall on track to meet targets
ENGINEERING services firm Redhall has performed in line with expectations with orders on track to meet its targets, according to a trading update.
It warned the Government’s forthcoming Comprehensive Spending Review made forecasts for next year difficult but the board believes the company is well positioned for the future.
Redhall has now formally abandoned its attempts to buy York-based Mount Engineering.
The Wakefield-based company has also revealed plans to bring its nuclear operations under a single banner, Redhall Nuclear, headed by new managing director Helen Simms who will join from Amec Nuclear next month.
Redhall saw a subdued market in nuclear decommissioning in the year ending September 2010 which was offset by improvements in the oil and gas sector.
The company’s defence division increased revenues and profits and is focusing on delivering certainty for clients facing tighter budgets.
Markets for the process division were described as “challenging” and the company has undergone further rationalisation programme adding to costs in the second half of the year.
