Vince Clancy has led Turner & Townsend through a stellar year
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Winner
Vince Clancy
Turner & Townsend
Under Vince Clancy鈥檚 leadership, Turner & Townsend has had a stellar year. Net revenue for the year to April 2017 was 拢445.6m, representing 18% growth over the prior year鈥檚 income of 拢378.2m. Turnover was 拢491.5m compared with 拢409.5m in 2016. The growth in revenue was particularly strong in the real estate (21%) and infrastructure (26%) businesses, producing a combined growth of 23%.
Net revenue from outside the UK rose by 17%, with the Middle East region a standout at 42%. Non-UK revenue now represents 52% of consolidated revenue. The firm can also boast a strong increase in profit: it recorded an EBITA of 拢47m, compared with 拢39.1m for the previous year.
Three acquisitions were completed during this period: Trestle, a San Francisco-based project management firm; Suiko, a UK-based consultancy; and AMCL, an asset management company. Clancy, who joined the firm in 1989, has overseen this phenomenal growth, which was also accompanied by a strong corporate responsibility programme.
RUNNERS UP
Leo Quinn
Balfour Beatty
Leo Quinn was appointed in October 2014 at a time when Balfour Beatty was in crisis. The firm suffered huge losses in both 2014 and 2015, but Quinn has turned things around. Results for the first half of 2017, had a pre-tax profit of 拢12m, more than the 拢10m profit it recorded for the whole of 2016 and massively up on the pre-tax loss of 拢15m for the first half of 2016.
Revenue was also up 5% for the six months ending 30 June 2017 on the same period last year, from 拢4bn to 拢4.2bn, and the firm鈥檚 UK construction arm posted a 拢2m profit in the first half of the year, compared with the 拢69m loss in the first six months of 2016/17. Given the trouble Balfour seemed to be in, that is quite a turnaround 鈥� and 60-year-old Quinn can certainly take his share of the glory.
Stephen Stone
Crest Nicholson
Crest Nicholson, under Stephen Stone鈥檚 leadership, hit its target of a record 拢1bn in revenue in full-year results to October 2016. The housebuilder posted a 24% jump in revenue to 拢997m, with a further 拢3.3m through joint ventures edging it above the 拢1bn mark. All in all, turnover was up by nearly 25% from 拢807.2m the previous year.
Pre-tax profit was also up 27% to 拢195m, compared with 拢154m last year, and the company says it is on target to deliver 拢1.4bn in sales and 4,000 homes by 2019. As well as these impressive financial results, Stone, who has been in the top job since 2005, has led the way on investing in modular building and is widely respected for his approach to corporate social responsibility and training.
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