Sharp rise in profits at Amec Environment & Infrastructure

A Tyneside environmental and engineering consultancy grew sales by 31% to £51.4m in a year, reversing previous losses on turnover and profits

A Tyneside environmental and engineering consultancy grew sales by 31% to £51.4m in a year, reversing previous losses on turnover and profits.

Amec Environment & Infrastructure, formerly known as Entec, saw revenues rise from £39.2m in the 40-week period to the end of December 2011 to £51.4m for the year ended December 2012, while its pre-tax profits grew to £6.07m, a 68% increase on the £3.6m posted in the previous time period.

The figures represent a return to form for the firm, which was bought by global engineering giant Amec for £60m three years ago, having seen its profits halve and sales drop by £20m in its earlier annual accounts.

The firm started as a division of Northumbrian Water and was bought by its management team before becoming part of Amec Environment and Infrastructure UK,

Accounts show the company, which has 13 sites across the country, had an average of 672 employees over the year after reducing headcount by one in its consultancy and professional department and by eight in its administration department last year, contributing towards £138,000 in redundancy costs.

The highest paid director received £165,000 including pension contributions for the period, up from £90,000 in 2011.

The firm, which works across the public and private sectors and counts UK water firms among its clients, said it did not recommend the payment of a dividend.

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