How we deliver value

By the effective management and control of our subsidiary businesses, we deliver shareholder value through capital growth and a progressive dividend policy.

Quality

Our businesses focus on maintaining and improving standards across their operations through training, technology, sustainability and the management of their supply chain. We strive to continue to develop and improve our business processes.

Long-term positions in target markets

We provide both planned and responsive services where we fulfil a high volume of low-cost tasks on a range of assets through long-term framework agreements. Our responsive engineering services, combined with consistent delivery, mean we are well positioned to work on some of the largest asset maintenance and renewal frameworks nationally, which are largely delivered through our clients’ operational expenditure budgets.

Growth strategy

We develop our engineering services both organically and by acquisition to broaden our service offering to existing and new clients. Organic growth is achieved by aligning our operating subsidiaries with their clients. The Group also continues to look for complementary acquisition opportunities where businesses have strong relationships in regulated markets.

Risk management

Our subsidiary businesses are governed by a system of controls that includes our Group minimum standards. These standards are monitored by an internal audit process to ensure compliance. Minimum requirements ensure compliance in areas such as risk management, control environment and activities, information and communication, and the evaluation of effectiveness to deliver robust commercial risk management. Regular operational and financial reporting is supported by monthly management meetings attended by a Group Executive member, Executive Management Committee meetings and monthly Main Board meetings. Each subsidiary business is required to have a management system in place certified to at least ISO 9001.

  • Safe operations in challenging environments
  • Specialist plant
  • National coverage
  • In-house design and fabrication
  • Direct delivery model
  • Responsive service
  • Specialist market knowledge
  • Investment in skills and labour
  • Wide range of integrated engineering capabilities
  • Planned and reactive maintenance services

Underpinned by our approach to Health & Safety

Safety remains the Group’s priority. Our safe operations are managed by our subsidiary businesses alongside their safety advisors, who have specific knowledge in the individual environments.

Shareholders

By the effective management and control of our subsidiary businesses, we deliver shareholder value through capital growth and a progressive dividend policy.

DIVIDEND PER SHARE

10p

Employees

The success of the Group depends on its employees. Our subsidiary businesses provide a range of opportunities for employees from training and career progression to health and wellbeing benefits. Our subsidiary businesses have a range of initiatives to engage with their employees which include social media channels and surveys.

NUMBER OF EMPLOYEES

2,759*

* As at 30 September 2018.

Community

Our businesses work hard to ensure its operations have a lasting, positive impact on local communities. Ensuring effective communication with our stakeholders is key and our businesses hold public events to inform and update the public on the nature and progress of works as appropriate. Where we receive feedback from the public we would seek to take this into consideration. Our businesses also support a wide range of charities by organising and participating in fundraising events throughout the year.

Customers

We develop safe, innovative and efficient solutions for our clients, many of whom we have worked with for a number of years. Our ability to provide a range of services from across our subsidiary businesses provides both cost and time efficiencies. Our businesses are leading providers in their markets with a highly experienced, directly employed workforce. We are aligned with our clients to deliver long-term solutions.

NUMBER OF HOURS OF SAFE OPERATIONS AT THE SELLAFIELD SITE IN CUMBRIA

10 million