2023 IN REVIEW
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Despite the end of CP6 funding challenges and delays to key projects impacting our turnover, we have increased year- on-year divisional margin. This demonstrates our progressing ability to understand and accurately price works, control costs, and maximise contract values. Our enhanced focus on fabrication quality has paid dividends in securing new clients and re-engaging with passive existing clients. All of this is against a backdrop of an improving
LUNDY
Our Lundy Projects division can reflect on 2023 as a transformational year after making fundamental improvements to the business structure and operations, with a focus on client needs through to our core service offering and an improved safety performance. People are at the heart of our operations, which is why we embarked on a long-term initiative to better engage and communicate with our people to help them understand and play a leading role in delivering our business strategy. This started with the first Lundy Projects Annual Conference in May and has continued with regular local engagement sessions and MD updates to share business performance with open Q&A sessions. A year of positive change as we have restructured, stabilised and focused the management and operational teams to better meet our clients’ increasing expectations of safe, sustainable and efficient delivery in the Rail Infrastructure market”. Peter Baverstock | Managing Director
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safety performance measured by a year
long LTFR of zero and consistently decreasing number of High-Risk Events.
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