The UK civils and infrastructure arm of Bouygues subsidiary Equans has recorded an almost threefold uplift in pre-tax profit, driven by improved returns across its portfolio of private finance initiative (PFI) contracts.
Equans E&S Infrastructure UK’s accounts for the year ending 31 December 2024 show the company increased its pre-tax profit from £700,000 to £1.6m.
The Newcastle-based firm’s turnover for the period dipped from £23.3m in 2023 to £17.1m.
But its profit margin broadened from 3 per cent to 9 per cent.
“The company will continue to provide services to its existing client portfolio and as such expects to achieve a satisfactory performance in 2026 and beyond,” the directors said in the strategic report.
They added that Equans E&S Infrastructure only had a “relatively small number of clients” but would support its energy services and facilities management sister company, Equans E&S Solutions, in bids for new contracts.
No dividends were paid and liquidity was stable, with cash reserves of just over £6m for the second consecutive year.
The firm held no external bank loans or overdraft debt.
Equans E&S Infrastructure maintains more than 200,000 lighting units for several UK local authorities under 25-year government PFI contracts.
The majority include capital work schemes as an integral part of the contract.
The firm also delivers work for developers and civils companies.
It is further engaged in project management and specialised civil engineering works, including advanced infrastructure systems.
Bouygues completed the acquisition of fellow French firm Equans in October 2022.
Two years later, it rebranded its former Bouygues E&S Infrastructure UK business as Equans E&S Infrastructure UK.
Bouygues was ranked 12th in the most recent CN100 table of the UK’s largest contractors by turnover.