George Leslie eyes new areas as management buy-out takes over

Scottish civils firm George Leslie has been bought by its management for an undisclosed sum.
New managing director John McNaught said the transition would be seamless. "The approach is business as usual. Our key clients will be dealing with the same people as before," he said.
The civils firm works for both public and private sector clients in Scotland, but is prominent in the water sector, where it is delivering a number of contracts for Scottish Water.
Leslie reported a £1.2m profit last year on a £20m turnover. Approximately 75% of its work is in the water sector.
The company is also planning to expand into other areas, including marine works, road and bridge building, and railway work.
Former managing director George Leslie remains involved as non-executive chairman.
<F03C> Scottish Water has advertised its small-value capital projects framework contract.
The two-year framework contract is worth between £15m and £20m a year and has an optional year-on-year extension for a further four years. Four to six contractors are likely to be selected. Work is divided into four areas with most projects under the £100,000 mark.
Civil Engineering Contractors Association (CECA) Scotland chief executive Alan Watt said it was good news. "Scottish Water consulted CECA extensively about the framework and we are pleased that it has been presented in a way that may suit smaller local contractors, which have not seen much work in the water sector recently."