Henry Boot sees improvements all around

Henry Boot says it is seeing strong growth in all its divisions and now easily expects to meet market expectations with its full year results.

In an interim management statement covering the period from the beginning of the year to now, the company says it expects its construction business to meet all of its targets for this year, and says it is already busy building an order book for next year.

Although contract pricing it still tight and some inflationary pressures are beginning to emerge, it says the contracting opportunities that have been open to it in the past few months are at the highest levels they have been for several years.

Its PFI contract on the A69 has seen an upturn in traffic for the first time in several years, which it says is a sign of the economic recovery.

Banner Plant, its plant division, has also seen an upturn in activity, although the company is waiting to see how it performs over the summer compared with last summer, when activity was high, before making a judgement about its performance overall.

In other parts of the business, it says over the period it has disposed of five sites, meeting pricing expectations with each one.

The schemes its property development business is advancing include a new exhibition centre in Aberdeen which it is promoting jointly with the council. The initial proposal for this is currently out to consultation.

It completed construction of a new mixed use office and leisure development in Deansgate in Manchester earlier this year, and even the redevelopment of the former Terry’s chocolate factory site in York is progressing: it is currently in discussions with both residential and hotel developers about the site, some parts of which have now lain dormant for the best part of a decade, and thinks it could begin development there next year.

Analyst Investec said the update was solid, and said that while the planning process continued to be challenging for the company, there was “clear potential” in its land and development sites.

Your News

If you've got a story that would be of interest to Builder & Engineer readers, send us an email


2017-03-29 11:31

Jeremy Gould, VP sales Europe, TomTom Telematics, discusses how technological developments in vehicle telematics have opened up new workflow management possibilities for the construction industry

2017-03-21 10:31

With the demand of oil increasing, it’s estimated that the Earth will reach its full capacity for oil consumption at some point within the next 20 years. This is despite the production of oil decreasing, and the construction industry is no exception to this, reports Niftylift.

2017-03-17 11:55

With construction firms leading the way in drone technology, Claire Cameron takes a closer look at how unmanned aerial vehicles (UAVs) can be used onsite

2017-03-07 17:20

While the physical safety of workers is prioritised on construction sites, mental health is often overlooked, reports Claire Cameron

2017-02-28 15:53

As part of an ongoing revamp, the Joint Contracts Tribunal has rolled out an updated suite of standard form construction contracts for Design & Build. John Cleaveley, partner and head of construction at Weightmans LLP, takes a look at the changes

2017-01-04 10:35

As pressure mounts to achieve the government’s housebuilding objectives, the effective regeneration of brownfield land is becoming increasingly important. Builder & Engineer takes a look at the challenges of regenerating contaminated land

2016-12-30 10:15

New colour-coded system will see traditional helmet colour head out of site

2016-12-30 10:04

Building Information Modelling – or BIM as it is more commonly known – has become something of a buzz word for the construction sector since the Government launched its Construction 2025 strategy in 2011. Claire Cameron investigates why firms should be embracing the technology

Free E-newsletter Sign-Up

Sign up for our free e-newsletter

Looking for a company or service?