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Railhub Archive 1995-07-26 DoT-001 Department of Transport0
BR sells first civil engineering design office
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 British Rail
 Department of Transport
 
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       BR sells first civil engineering design office _______________________________________________________________

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type Press release note 233
Sir George Young, the Secretary of State for Transport, today welcomed the sale of the first of the five British Rail Civil Engineering Design Offices, which are all being sold as going concerns. More than 140 organisations have expressed interest in the businesses with competitive bids coming from key engineering companies and consultants, construction companies and a management buyout team. It is hoped that all sales will be completed by the end of the month. The Design Offices have a combined staff of some 660 people, with a total turnover of #32 million in the financial year 1994/95. Today's sale of the Birmingham-based Design and Construction Unit was to Owen Williams Ltd, a Birmingham company. The other four companies are based in Glasgow, Swindon, York and Croydon. Sir George said: "The sale is further evidence of the growing momentum in the sales of former BR businesses. It is proof of the private sector's interest in BR's privatisation, and bodes well for future sales. "The Design Offices have important skills that will stand them in good stead in the private sector. Linking these skills with the opportunities and experience of the private sector offers the prospect of a successful future. "The sale is good news for the staff of the Design Offices. While in the public sector, the Offices have been held back from seeking work outside their traditional market place. Following sale, they will be free to diversify and develop further opportunities in the UK and overseas". In addition, two other specialist Design Offices are due to be sold soon. They are "Power Track", a railway electrification services business, and "Business Plant Engineering" (BPE) which specialises in the provision of mechanical and electrical engineering. Notes to Editors 1.The five civil engineering design offices specialise in the following areas of work: - Bridge, structures, and building design; - Permanent way design; - Quantity surveying; - Building engineering services; - Site supervision; - Safety management; - Feasibility studies, appraisals, estimates; - Land, track surveys. 2. The offices' main customer is at present Railtrack. It is expected that they will gain the majority of their revenue from Railtrack and other rail industry operating companies. They also have the expertise to provide services in other sectors such as highways and public buildings. # = pounds sterling
Railhub Archive ::: 1995-07-26 DoT-001
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