Balfour Beatty
From Wikipedia, the free encyclopedia
| Balfour Beatty plc | |
 |
|
| Type | Public (LSE: BBY) |
|---|---|
| Founded | 1909 by George Balfour and Andrew Beatty[1] |
| Headquarters | London, United Kingdom |
| Key people | Sir David John, Chairman, Ian Tyler, Chief Executive |
| Industry | Construction, Civil engineering |
| Revenue | £5,852 million (2006)[2] |
| Operating income | £125 million (2006)[2] |
| Net income | £91 million (2006)[2] |
| Employees | 30,000[1] |
| Subsidiaries | Numerous |
| Website | www.balfourbeatty.com |
Balfour Beatty plc (LSE: BBY) is a British based construction and civil engineering company based in central London. It is the second largest construction company in the UK, and the 15th largest in the world.[3] It is constituent of the FTSE 250 Index.
Balfour Beatty was founded in 1909 by George Balfour, a Scottish mechanical engineer, and Andrew Beatty, an English chartered accountant. They described the company as "general and electrical engineers, contractors, operating managers for tramways, railways and lighting properties and for the promoting of new enterprises" and soon it expanded into civil engineering. By the 1930s the company was operating internationally. In 1969 it was taken over by a manufacturer of electric cables called BICC, but in 2000 it became independent again.
Balfour Beatty now has four divisions:
- Building, Building Management and Services
- Civil and Specialist Engineering and Services
- Rail Engineering and Services
- Investments and Developments
Balfour Beatty undertakes projects around the world, but the majority of its turnover comes from the UK. Turnover for the year ended 31 December 2006 was £5,852 million and profits before tax were £125 million. The company is a 50% shareholder in Gammon Construction, based in Hong Kong.
Projects constructed by Balfour Beatty include:
- Large parts of the M25 motorway around London
- The Channel Tunnel
- The Cardiff Bay Barrage
- Nam Cheong Station, Hong Kong
- The Pergau hydroelectric project in Malaysia
- The Lesotho Highlands Water Project
[edit] References
- ^ a b Balfour Beatty. Key Facts. Retrieved on March 23, 2007.
- ^ a b c Balfour Beatty (7 March 2007). Preliminary results for the year to 31 December 2006 (PDF) p. 12. Retrieved on March 23, 2007.
- ^ Digital Look. Balfour Beatty. Retrieved on March 23, 2007.
