News on 13 December 2000
Jarvis plc reports operating profits up 11% at £14.4m
on turnover of £317 million, up 19%. Chairman Colin Skellett said
turnover in the Accommodation Services division, which provides integrated
financing, construction management and facilities management services,
had grown significantly, with a pipeline of orders stretching over the
next thirty years.
“Accommodation Services is aligning its organisation structure to
focus on key markets, such as education, defence, local authorities, transport,
health and hotels where we are involved in everything from schools, student
accommodation and offices, to hospital facilities, court buildings, and
railway stations. We continue to see significant growth in the pipeline,
particularly from areas such as the Private Finance Initiative (PFI),”
said Chief Executive Paris Moayedi. Jarvis is looking to leverage its
established PFI skills into the corporate and international market places.
“As we emerge from this important period of restructuring we are
now well placed to capitalise on the strategic investments of recent years.
The aftermath of the tragic events of recent months have shown that our
decision to develop expertise in the maintenance and renewal of transport
infrastructure has positioned the Group to address the emerging market.
Our investment in PFI skills provides the Group with an engine for sustainable
growth, backed by long-term income streams from the facilities management
business,” added Moayedi.
