Accounts filed by Bouygues UK reveal a third-consecutive loss-making year for the French-owned construction contractor.
In the year to 31st December 2024 Bouygues UK pre-tax loss of 拢32.3m on turnover of 拢375.6m (2023: 拢325.6m).
Though substantial, the loss was smaller than both the 拢62.1m pre-tax loss of 2023 and 2022鈥檚 拢41.9m pre-tax loss.
The operating loss in 2024 was 拢46.9m (2023: 拢77.1m loss).
Finance director Thibaut Roux wrote in the accounts: 鈥淎lthough the company鈥檚 results improved compared to the previous year, the loss for the year arose as a result of costs related to subcontractor performance, labour availability, ongoing conflicts in Ukraine and the Middle East, and the continuing impact of post completion liabilities relating to building safety. Subcontractors continued to be impacted during the year in regard to delivery of services as a result of聽 challenging market conditions There were a small number of failures of subcontractors working for the company during the year.鈥�
He concluded: 鈥淲hilst the directors expect pressures on reported financial performance to remain during 2025, they believe that the company鈥檚 strategy should provide foundations for improved results in future years.鈥�
Philippe Bernard, chair and CEO, said: 鈥淥ur selective approach to bidding is having a positive impact; we have secured new contracts and expanded our order book across key sectors, positioning us well for future growth. We are monitoring global economic conditions and legislative changes to ensure our decisions remain informed and strategic.
鈥淲e are confident in the promising future of Bouygues UK as part of the Bouygues Group development strategy in the UK.鈥�
Got a story? Email news@theconstructionindex.co.uk
