Balfour Beatty - company profile

Balfour Beatty - company profile

• Balfour Beatty company overview
• Latest Balfour Beatty news
• Latest Balfour Beatty projects

Company overview

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Balfour Beatty was founded by George Balfour and Andrew Beatty in 1909. It currently has more than 30,000 employees in 20 principal countries, and recruits over 100 new graduate entrants every year.

In 2006, Balfour Beatty made a pre-tax profit of £125m from a turnover of £5.9bn. Currently, Balfour Beatty has a £9bn forward orderbook with more than £1bn of further work at the preferred bidder stage. Balfour Beatty was No.1 in the Contract Journal Top 100 league table of UK construction's biggest companies in 2007.

In 2006, Balfour Beatty made a pre-tax profit of £125m from a turnover of £5.9bn. Currently, Balfour Beatty has a £9bn forward orderbook with more than £1bn of further work at the preferred bidder stage. Balfour Beatty was No.1 in the Contract Journal Top 100 league table of UK construction's biggest companies in 2007.

Balfour Beatty's chief executive is Ian Tyler, a chartered accountant, who was appointed in 2005, succeeding Mike Welton.

Balfour Beatty has expanded rapidly in the last five years. Notable acquisitions have included Mansell and Birse. In 2007, it bought Bristol-based Cowlin Construction. Balfour Beatty has also grown its presence internationally, and in February 2007, bought US contractor Centex for £180m.

Balfour Beatty was part of the ill-fated Metronet consortium that was appointed by London Underground in 2003 to deliver two thirds of the Tube PPP (public private partnership) upgrade. Metronet went into administration in 2007 after failing to secure sufficient funding, and was later booted off the project.

News Releases Oct 2008

Balfour Beatty reaches full settlement of issues relating to Bibliotheca Alexandrina project 11 Sep 2008

Balfour Beatty selected for alliance to carry out $C700 million contract for ATCO Electric's capital work programme in Alberta, Canada 13 Aug 2008

Balfour Beatty plc Results for the half-year ended 28 June 2008

More News Releases

Financial reports 2008

Half year financial report 2008

Half yearly update

Heathrow Terminal 5

In 2001, the Balfour Beatty Rail Projects and Balfour Kilpatrick joint venture was awarded the contract for the rail and tunnel systems extending the Heathrow Express and Piccadilly Line railways to Heathrow’s new Terminal 5 (T5)

The package comprised of the rail, trackwork, traction power and mechanical and electrical (M&E) works for a total of 10km of new railway being installed underground

University College London Hospital (UCLH)

Balfour Beatty’s third PPP hospital project reached financial close in July 2000, as a member of Health Management UCLH (HMU)

The teaching hospital comprises 16 floors above ground and two below, together with a five-storey wing

The hospital offers the very best of clinical healthcare to Londoners and others from around the country in a clinical, research and teaching centre of national importance