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Vinci鈥檚 UK building arm slumped to a 拢33.8m pre-tax loss in 2013, dragging the firm鈥檚 overall UK business to a 48% fall in pre-tax profit in the year to 31 December.

In accounts filed at Companies House, Vinci said a 鈥渄ifficult trading environment鈥� led to 鈥渟ignificant trading losses鈥� for its UK building business and it will 鈥渃ontinue to reduce overheads and concentrate on quality initiatives鈥� in an effort to become profitable.

The firm鈥檚 拢33.8m UK building loss in 2013 compared to a 拢6.6m pre-tax loss the previous year, while the building division鈥檚 revenue increased 3% to 拢618.6m, up from 拢599.2m.

Vinci鈥檚 overall UK group business 鈥� which also includes civil engineer Taylor Woodrow and facilities management and investments divisions 鈥� reported a 拢7.1m pre-tax profit, down from 拢13.8m the previous year, while revenue grew 13% to 拢1.3bn, up from 拢1.1bn.

Vinci鈥檚 group profit was boosted by a 拢23.3m pre-tax profit from its investments division 鈥� which holds PFI assets 鈥� up from 拢3m the previous year.

The group鈥檚 headcount declined by 297 over the year to 3,764, down from 4,061.

Vinci said it expects its building business in the south of England to increase in 2014, particularly in London.

The firm said: 鈥淭he market in London is forecast for growth as private residential apartment schemes appear at an increasing rate and commercial, health and mixed use schemes are similarly strong.

鈥淲e have also seen an upturn of activity at Heathrow and Gatwick airports.鈥�

Major projects completed by Vinci鈥檚 contracting arm in 2013 included a new visitor centre at Stonehenge (pictured) and the headquarters for dance company Rambert on London鈥檚 South Bank.

The firm鈥檚 Taylor Woodrow civil engineering arm posted a 12% decline in pre-tax profit to 拢10.4m, down from 拢11.8m, while the division鈥檚 revenue increased 57% to 拢379.2m, up from 拢242.2m.

Vinci said Taylor Woodrow benefitted from additional work in the energy-to-waste sector and on Crossrail, but warned 鈥渆xtreme weather events鈥� since the start of 2014 will impact on its Nottingham City tram contract, resulting in 鈥渄elays and additional costs being incurred in 2014鈥�.

Vinci added: 鈥淭he group will seek to recover these delays and costs but the final outcome remains uncertain at this time.鈥�

Vinci鈥檚 facilities arm posted a 4% decline in pre-tax profit to 拢6.7m, down from 拢7m, while revenue fell 7% to 拢228.3m, down from 拢245.4m.

Vinci鈥檚 UK group also delivers jobs in the Middle East, and this team grew to 50 over the year and amassed a 拢42m order book.