Infrastructure service provider May Gurney is on track to deliver top end financial results for the year ending 31 March 2011.
Its pre-close trading statement reported an order book worth £1.4bn, with net cash of more than £9m at the period end.
Contract renewals, extensions and new long-term contracts for the full year total £345m. The waste management division of the company has been a strong part of this success with 14 new long-term contracts mobilised by May Gurney through the year, five of which are MaGOS contracts – the firm’s own kerbside sort service. It is also in the process of putting in place long-term contracts for Surrey County Council and Severn Trent Water.
May Gurney chief executive Philip Fellowes-Prynne said: “It’s been a strong and successful year for May Gurney with exceptional levels of new contract mobilisations and bidding, together with our entry into the Scottish support services market through the acquisition of Turriff (utility infrastructure maintenance company).
“Our collaborative approach to delivering a wide range of integrated essential services continues to be in high demand from the public and regulated sectors. Our ability to design and implement transformational front line services, combined with our experience of engaging with clients and local communities in long-term partnerships, are important market differentiators.”
May Gurney’s preliminary results will be announced on 1 June.