BMT Posts Solid Financial Performance

BMT Group, an international design, engineering and risk management consultancy, announced a solid financial performance for the year to 30 September 2013.

Although market conditions have been challenging, BMT secured revenues of £163.3m, an increase of 5% year on year, with underlying operating profits of £11.3m, a proportion of which has been distributed to the staff through the company’s profit share schemes. 

 Comprising 25 operating companies, involved in activity across 10 markets in over 25 countries, the BMT group continues to concentrate on its core maritime-focused offering. Highlights for the year include the acquisition of Verweij & Hoebee,a leading provider of both blue water (coastal) and brown water (inland) Hull & Machinery (H&M) surveys in Europe and the opening of new offices across a number of regions. 

 BMT secured a number of liquefied natural gas (LNG) projects including cost and feasibility studies at sites in Pipavav Port, India and was subsequently selected for engineering design work and an environmental impact assessment.

 The strategy to ‘internationalize’ BMT’s structural integrity monitoring business continued with further investment in Brazil, as well as increased levels of sales and contract support resources in Europe and South East Asia. Recent acquisitions in Western Australia have also proved effective, giving BMT a strong presence from which to promote further growth in oil and gas related activities; especially in the environmental services market.

 Leveraging its expertise in managing complex projects from many industry sectors to support the provision of efficient, reliable and effective services across the government sector, BMT further demonstrated its success through a number of major new framework and project wins during the year in the UK, Canada and Australia.  This included the Government Crown Commercial Service’s (CCS) ConsultancyONE Framework, which is becoming the de facto procurement route for the provision of business and management consultancy contracts of values between £100,000 and £2 million.

Furthermore, BMT’s careful investments in the long-term success of the business are already proving valuable. Just one example is ship design, where its increased capabilities have seen the organization, this year, complete the detailed design of the new tankers for the Royal Fleet Auxiliary and win a similar project for the Royal Norwegian Navy – both based on an innovative BMT design concept.

 [mappress]