Industry update: good results

Caxton FM, now in its fifth year as part of the Kier Group, has announced "record-breaking" results. Turnover is up by 28% with profit margins remaining constant.

Caxton has retained all of its existing clients and also won a series of new ones. This includes private sector companies, as well as public sector organisations. Something of a coup in the latter is an FM contract covering 23 Health & Safety Executive sites throughout the country.

Caxton now has 265 staff handling 160 sites.

Business at Amec is also good. Recently announced interim figures for the period ending 30 June show operating profit up by 45%. More than two-thirds of this comes from the company's service activities. It is holding net cash of £23M - no plans for that yet revealed.

Elliott Chase