OCU’s buying spree drives revenue to nearly £900m

The fast development of the non-public equity-backed group noticed it booked a £64m pre-tax loss, double final 12 months’s £31m.

Purple ink was pushed by greater curiosity on £656m of borrowings, a bounce in non-cash goodwill amortisation from acquisitions, and one-off refinancing prices.

Below the bonnet, buying and selling was sturdy as adjusted working revenue jumped 69% to £99m with working margins as much as 11.2% from 9.6%. Statutory working revenue after exceptionals was £28.1m.

High-line development blended 11% natural progress with a income flows from just lately purchased civils contractor RJ McLeod, water trade design specialist Purestream and trenchless know-how professional McCormack Drilling.

These companies added scale throughout power, water and trenchless supply, whereas a post-year finish majority stake in Australia/NZ participant AEC opened an foothold additional afield within the asia pacific area.

Chief government Michael Hughes mentioned: “OCU Group has created a sturdy functionality for sourcing, executing, and integrating strategic acquisitions.”

“We keep rigorous requirements, participating solely with firms that meet our excessive standards for cultural alignment and business rigour, finishing round one in each twelve potential transactions.”

Hughes added: “The long-term structural drivers within the UK’s power transition, digital connectivity, and controlled utilities markets stay clear and compelling.

“Ofgem’s RIIO-ED2, Ofwat’s AMP8, Undertaking Gigabit, and Scotland’s ScotWind program every symbolize multi-billion-pound funding frameworks aligned to OCU’s capabilities.

“The dimensions and length of those packages present a resilient platform for development, even within the face of broader macroeconomic volatility.”