Infrastructure services specialist May Gurney has restructured its business following a successful year in which turnover grew 8% to 拢470.3m

In the future, the company will be divided into public services and regulated services divisions, replacing the maintenance services and engineering and project services arms.

In the year to 31 March 2009, pre-tax profit grew 8% from 拢18.7m to 拢20.2m before exceptional items and it ended the year with net cash of 拢18.6m and a 拢1.25bn order book.

Philip Fellowes-Prynne, the firm鈥檚 chief executive, conceded that there would be a slowdown in public sector spending after 2010 but said the group would benefit from its focus on essential maintenance work rather than capital projects.

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