Morrison Utility Services, the leading service provider in the UK and Ireland utilities sector, has published its end-of-year accounts for the year ended 31 March 2010 revealing a confirmed order book value of £1.5 billion, and up to £2.9 billion if existing contracts are extended. Turnover is broadly similar to the previous year at around £500 million.

Key contract wins during the year included a new connections alliance with Central Networks (Eon), a new client for the company, which is expected to be worth over £20 million per annum for 10 years, with a potential extension of five years. The contract commenced on 1 April 2010.

Other highlights included securing new frameworks with Thames Water for mains replacement, with Yorkshire Water for water network rehabilitation and with Southern Gas Networks for gas meter replacement.

Charles Morrison, Chief Executive of Morrison Utility Services said:

“In a very competitive and demanding environment, we are delighted to have succeeded in securing significant new contracts, retaining valued existing clients and establishing a niche in growth sectors, notably high-voltage connections to renewable energy sources.

“Despite the difficult economic climate which currently exists in the UK construction and services sectors, we have a growing order book and are cautiously optimistic about our future prospects. We continue to focus on investing in our people, systems and plant and maintaining the high standards of service delivery which underpin our uncompromising commitment to delivering added value for our clients.”