Published 21st Sep 2023, 16:45 BST

The firm this week published its annual review, which detailed what managing director Patricia Moore has described as “excellent” financial results, showing global turnover up from £884 million last year to £1.2 billion this year, an increase of 38.6 per cent.

Turner and Townsend also saw its global net revenue reach £1.1 billion, an increase of 37 per cent.

In the UK, the firm saw its revenue increase by 25.6 percent over the past year, reaching £404 million.

Turner and Townsend worked on the delivery of the 13 floor fit-out of the new Salesforce Tower in Sydney.

Employee numbers also rose to 4,206 showing an increase of 17 per cent.

Patricia Moore, managing director, UK, Turner & Townsend, said: “Last year saw fantastic growth for our UK business, and we’ve increased the size of our team to respond to clients’ needs - further strengthening our advisory services to support the transition to net zero and the demand for digitalisation to improve programme delivery.

“The hard work of our now 4,000-strong UK team has been crucial to delivering this year’s excellent revenue performance. This growth also reflects the demand across real estate and infrastructure as government, private investors and developers work to support changing working patterns following the pandemic.

“We see continued growth in major programme activity and we are well placed to maintain this momentum, with 80 percent of our UK business now operating in this area. Future success in high growth sectors is underpinned by our investment in developing and recruiting the next generation of specialists in both data science and sustainability.”

Outside the UK, the firm cited a number of regional hotspots, including the Americas, where revenue grew 58.5 per cent, and employee numbers rose over 50 per cent.

The firm also cited Australia and New Zealand as another hotspot, which saw a 36 per cent rise in net revenue and a 36.4 percent increase in staff. The firm was also involved in the 13 floor fit-out of Salesforce Tower, in Sydney.

Global infrastructure net revenue for Turner and Townsend rose by 34.3 percent over the year, helped by continued investment in transport and utility networks.

Turner & Townsend said it remains well positioned in these markets and is supporting flagship mobility schemes including Hong Kong’s new Mass Transit Railway, California High Speed Rail, the new Edinburgh tram extension, and the modernisation and digitalisation of Heathrow Airport in the UK.

Work in the international natural resources market increased also by 52.8 percent and accounted for the highest year-on-year rise within the business’ three core segments, reflecting significant appointments in renewable energy and decarbonisation projects.

The firm said its growth in the UK had been supported in part from joining forces with London-based cost management business Alinea.

Turner and Townsend acquired Alinea in February of this year for an undisclosed sum, in a deal which saw Alinea’s 110 staff join Turner & Townsend UK’s London cost management team.

Global EBITDA before exceptionals for the firm also grew to £159 million. Overall employee numbers for the global business also rose by 26.5 percent in the year to 10,731.

US firm CBRE acquired a 60 per cent share of Turner and Townsend for £960 million in 2021.

Leeds-based Turner and Townsend reaches £1 billion turnover mark for first time