Profit Track 100

If there is a high profile building project in Britain, it is a fair bet that Essex-based O’Rourke may have had a hand in it. The company laid the foundations for the Millennium Dome, and played a part in the renovation of the Royal Opera House and the construction of the £64m new Museum of Scotland in Edinburgh. It is currently at work on the £38m Citigroup tower in Canary Wharf and on Portcullis House, the £250m parliamentary office block next to Big Ben. Such projects have driven profits up by 57% pa, from £2m in 1996 to £7.9m in 1999, with sales increasing by 52% pa in the same period to reach £188.5m. Chairman and chief executive Ray O’Rourke, who founded the business in 1978 with his brother Des, attributes the increase in profits primarily to turnover growth. But he also says that a specialisation in pre-cast concrete, allowing production to be centralised, has cut labour costs because concrete does not have to be mixed on site.

This profile reflects the company at time of publication and does not reflect any changes that may have subsequently occurred. Fast Track and its sponsors do not endorse, guarantee or recommend investment in any of the companies.

Company details
CompanyLaing O’Rourke
ActivityEngineering and construction group
Annual profit growth57.26%
Latest profits £000s7,921
Latest sales £000s188,483

If applicable:

* supplied by company † annualised figure