€d_Modus Vivendi schreef op 3 juli 2015 13:46:
Vinci UK hit by UKP217m loss
Vinci UK suffers m loss following 'major' problems on Nottingham tram
Vinci UK suffered a colossal £217m pre-tax loss for 2014 as a result of problem contracts in its building and civils divisions.
In its results for the year ended 31 December 2014, the contractor revealed that “a number of projects…. encountered issues” in its building division.
In addition, its civils division suffered “major” problems on its £570m Nottingham Tram contract, leading to substantial losses for the year, the company said.
The contractor’s civil engineering arm Taylor Woodrow is delivering phase two of the tram project to Chilwell and Clifton, in a joint venture with Alstom.
In accounts filed with Companies House,
Vinci UK said it would engage in “complex discussions” with Nottingham City Council
and Alstom to reach financial settlement on the contract.
The handover of the tram is expected in summer this year.
Revenue for the business for 2014 stood at £1.02bn, down 18.4 per cent compared with the £1.25bn posted the year before.
Vinci’s UK business is split into six divisions: building; facilities; civil engineering (Taylor Woodrow); technology centre UK; Taylor Woodrow International; and investments, such as PFI and PPP bids.