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Balfour Beatty
From Wikipedia, the free encyclopedia
| Balfour Beatty plc | |
|---|---|
 |
|
| Type | Public (LSE: BBY) |
| Founded | 1909 by George Balfour and Andrew Beatty[1] |
| Headquarters | London, United Kingdom |
| Key people | Sir David John, Chairman, Ian Tyler, Chief Executive |
| Industry | Construction, Civil engineering |
| Revenue | £5,852 million (2006)[2] |
| Operating income | £125 million (2006)[2] |
| Net income | £91 million (2006)[2] |
| Employees | 30,000[1] |
| Subsidiaries | Numerous |
| Slogan | The creation and care of essential assets |
| Website | www.balfourbeatty.com |
Balfour Beatty plc (LSE: BBY) is a British based construction and civil engineering company based in central London. It is the second largest construction company in the UK, and the 15th largest in the world.[3] It is a constituent of the FTSE 250 Index.
Contents |
Balfour Beatty was founded in 1909 by George Balfour, a Scottish mechanical engineer, and Andrew Beatty, an English chartered accountant. They described the company as "general and electrical engineers, contractors, operating managers for tramways, railways and lighting properties and for the promoting of new enterprises" and soon it expanded into civil engineering. By the 1930s the company was operating internationally. In 1969 it was taken over by cable manufacturer BICC. In 2000, having sold its cable operations, BICC renamed itself as Balfour Beatty.
Balfour Beatty now has four divisions:
- Building, Building Management and Services
- Civil and Specialist Engineering and Services
- Rail Engineering and Services
- Investments and Developments
Balfour Beatty undertakes projects around the world, but the majority of its turnover comes from the UK. Turnover for the year ended 31 December 2006 was £5,852 million and profits before tax were £125 million. The company is a 50% shareholder in Gammon Construction, based in Hong Kong.
Projects involving Balfour Beatty include:
- The Kielder Dam, Northumberland, 1982
- Large parts of the M25 motorway around London, 1986
- The Channel Tunnel, 1994
- The Cardiff Bay Barrage, 1999
- The Lesotho Highlands Water Project, 2002
- Nam Cheong Station, Hong Kong, 2003
- The Pergau Dam hydroelectric project in Malaysia, 2003
- The M6 Toll, 2003
- University College London Hospital, 2005
- Igor I. Sikorsky Memorial Bridge, Connecticut, U.S.A., 2006
A division of Balfour Beatty, the company was formed in November 2007 following the merger of Balfour Beatty Utilities with Balfour Beatty Power Networks. The enlarged company has over 2,500 employees and is the UK's largest utilities engineering companies with contracts with some of the biggest utilities company's in the UK, including National Grid, Northern Gas Networks, Northumbrian Water, Severn Trent Water, United Utilities & Anglian Water. [4]
A division of Beatty, Haden Young Limited is one of the UK's largest mechanical and electrical (M&E) services contractors with an annual turnover of around £200 million. The company focuses on heating, ventilation and air-conditioning (HVAC), electrical, plumbing, fire protection, and information technology design, construction and commissioning.[5]
- ^ a b Balfour Beatty. Key Facts. Retrieved on 2007-03-23.
- ^ a b c Balfour Beatty (7 March 2007). Preliminary results for the year to 31 December 2006 (PDF) p. 12. Retrieved on 2007-03-23.
- ^ Digital Look. Balfour Beatty. Retrieved on 2007-03-23.
- ^ Balfour Beatty Utility Solutions Web home page
- ^ Haden Young Web home page
