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Infrastructure specialist Enterprise has announced an order book worth £3.5bn in its latest set of financial results. The group announced its preliminary results for the 15 months to 31 December 2007 last week, which showed Enterprise had almost doubled in size since 2006. The firm ended 2007 with an annual revenue of more than £1.2bn, compared with £643m the previous year. Enterprise increased its interest in the local government market in September 2007, when it bought support services provider Accord for £195m. The firm also established, last year, a partnership with Manchester City Council to collect domestic waste. Enterprise's existing contract with Solihull MBC was also extended to include streetcare services and domestic paper collection. The Highways Agency also awarded Enterprise the managing agent contract for area 3, which covers 1,294km of roads across Hampshire and Berkshire. ‘Last year was a period of significant change in the ownership of the business and, following the acquisition of Accord in September 2007, also in the scale and structure of parts of the organisation,' said chief executive, Owen McLaughlin. ‘The strategy and direction of the business have, however, remained consistent, and its unique operational systems are, in some areas, enhanced, compared with last year. ‘Our customer relationships became stronger in the period, laying the foundations for additional work in future,' he added. ‘We produced an excellent result for 2007,' continued Mr McLaughlin. ‘The MBO and Accord acquisition, while distractions for management in the short term, did not affect our operational performance and, in the longer term, will have a very positive impact. ‘I have never been more optimistic about the future of Enterprise.'

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BUSINESS

Business booms for Enterprise

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