Reporting on trading for the year ended 31 March 2010, the firm is on track to deliver results for the year in line with expectations. Additionally, it continues to generate significant cash, with a strong position in excess of £27 million at the period end.
Recently, May Gurney entered into a unique £130 million joint venture with Torbay Council to provide bundled services to provide waste management and maintenance in the area.
May Gurney managing director Nicola Peake said: [The waste management side of the business] has had a significant impact certainly because Torbay is very ground-breaking in terms of bundled services. But also this year up to March we also won four contracts Essex, North Yorkshire, North Somerset and Bridgend. It has added significant business this year.
Regarding Torbay council, there is a lot of thought in the industry that with economic pressure councils are looking to bundle contracts so there is no overlap. This makes sure synergies and efficiencies are gained. [I think] this will happen more and more as there is increased pressure on cost for local authorities.
May Gurney provides the household waste collection service for North Somerset and Bridgend local authorities. It is now also in charge of the household waste recycling centres at Bridgend, Essex and North Yorkshire.