好色先生TV

The former Halcrow business is back in the black two years after it was bought by CH2M Hill in 2011 and incorporated into the US engineering giant.

In accounts filed at Companies House this week, Halcrow Holdings, which now trades as CH2M Hill, reported a pre-tax profit of 拢12.5m in the year to 31 December 2013, up from a pre-tax loss of 拢20.5m the previous year.

The return to profit was largely driven by the UK, Europe and Ireland business, which posted a pre-tax profit of 拢15.3m in 2013, after a pre-tax loss of 拢9.4m in 2012.

The firm鈥檚 Middle East and Africa division also boosted the results with an increase in pre-tax profit to 拢9.6m in 2013, up from 拢2.9m in 2012.

The UK, Europe and Ireland business was the only loss-making region in 2012 that managed to turn a profit in 2013.

Losses in the American business deepened to 拢6.6m, from 拢2m the previous year, while Halcrow鈥檚 Asian and Australasian business cut losses to 拢164,000 from 拢3.6m in 2012.

Overall the firm also reported a 3% increase in turnover to 拢361m in 2013, up from 拢350m in 2012, with turnover in Europe, the UK and Ireland rising 8% to 拢215m.

Revenue from work in Asia and Australasia increased 2% to 拢56m, while revenue from the Middle East and Africa rose 14% to 拢74m.

However, revenue from the Americas halved to 拢15m in 2013, which the firm said was due to a 鈥渞e-profiling鈥� of the Americas division ahead of the planned closure of the business this year.
Writing in the accounts, Alasdair Coates and Sarah Harrington, directors of Halcrow Holdings said: 鈥淎ggressive steps were taken in 2012 to substantially alter and streamline Halcrow鈥檚 operating profile to better align the cost structure with the markets.

鈥淎s in most acquisitions, there were redundant roles in support functions that allowed for meaningful overhead cost savings to be realised throughout 2012.鈥�

They said the strong UK and European results were boosted by the firm鈥檚 involvement in large infrastructure projects, including Crossrail, HS2 and the Thames Tideway Tunnel.