Costain secured a number of significant new contracts wins during 2011, including contracts for Northumbrian Water AMP5 and Severn Trent. In addition, the Group also has a strong preferred bidder position at circa £400 million.
Andrew Wyllie, Chief Executive, commented:
“We have continued to benefit throughout this year from the implementation of our ‘Choosing Costain’ strategy, which has been to focus on blue chip customers in chosen sectors whose major spending plans are underpinned by strategic national needs, regulatory commitments or essential maintenance requirements.”
The Group made two acquisitions during the year. ClerkMaxwell, the front end engineering support services provider acquired in April, and Promanex, the industrial support services business acquired in August. Costain said both companies were performing well.
There has been no material change in the financial position of the Group, which has a strong cash position of in excess of £100 million and no significant borrowings.
Recently, the Group further enhanced and extended its contract bonding and banking facilities with its relationship banks and surety companies. The facilities were increased by £30 million to £465 million and extended by two years to September 2015. Costain said the facilities would ensure that the Group had the necessary financial resources to capitalise on market opportunities as they arise and achieve its medium term objectives.
The company will announce its preliminary results for the year ended 31 December 2011 on Wednesday 7 March 2012.
With the UK government demanding a 50% reduction in storm overflow spills by 2029, the era of reactive management is over. Speaking in the House of Commons on 21 July 2025, then environment secretary Steve Reed said, “This Government will cut water companies’ sewage pollution in half by the end of the decade.”
ERG, the leading supplier of odour control systems and industrial gas cleaning & thermal systems, has been awarded the coveted King’s Award for Enterprise.
Welsh Water’s new artificial intelligence-driven tool, ORAI, has been shortlisted for three categories at the prestigious British Data Awards 2026 – underscoring the company’s commitment to using cutting-edge technology to deliver better outcome for customers.
Barhale has completed work on two separate Rapid Action Taskforce Spills projects it is carrying out for Severn Trent.
Hear how Scottish Water has completed its £235 million Ayrshire Glasgow Resilience Project - customers across Greater Glasgow, Ayrshire and East Renfrewshire will now benefit from a more secure and resilient water supply.
Hear how United Utilities is accelerating its investment to reduce spills from storm overflows across the Northwest.
Find out more about the remarkable career opportunities on offer at WSP - scroll down to watch the inspirational video.