Results filed by VolkerWessels UK Limited for the year to 31st December 2023 show revenue up 6% at آ£1,433m (2022: آ£1,349m).
Pre-tax profit was up 2% at آ£38.6m (2022: 37.7m).
The value of the forward secured order book was down 22% at year-end to آ£1,343m (2022: آ£1,732m).
Net assets at 31st December 2023 were آ£127.3m (2022: آ£129.4m), supported by cash and cash equivalents of آ£148.1m (2022: آ£147.0m).
VolkerWessels UK comprises VolkerFitzpatrick, VolkerHighways, VolkerRail, VokerStevin, and VokerLaser.
VolkerFitzpatrick revenues were marginally up at آ£679m (2022: آ£674m), underpinned by work in HS2 (it has 20% of the Align joint venture), Eastbrook Studios, Magna Park, Hornsea 3 and rail projects in Gosforth and Birmingham.
VolkerHighways revenues were slightly down at آ£172m (2022: آ£187m), suffering somewhat from local authority funding cuts.
VolkerRail contributed آ£162m to group revenues (222: آ£159m).
The Dutch parent company took آ£30m in dividends from its UK operations last year, up from آ£18m the previous year.
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