{"id":9052,"date":"2025-11-13T08:47:09","date_gmt":"2025-11-13T08:47:09","guid":{"rendered":"https:\/\/cita.co.uk\/news\/?p=9052"},"modified":"2025-11-13T08:47:09","modified_gmt":"2025-11-13T08:47:09","slug":"kiers-new-boss-off-to-a-flier-as-order-book-hits-11-6bn","status":"publish","type":"post","link":"https:\/\/cita.co.uk\/news\/kiers-new-boss-off-to-a-flier-as-order-book-hits-11-6bn\/","title":{"rendered":"Kier\u2019s new boss off to a flier as order book hits \u00a311.6bn"},"content":{"rendered":"

Kier has kicked off the new financial year on a high with trading in line with expectations and its order book swelling by \u00a3600m to \u00a311.6bn.<\/p>\n

New chief executive Stuart Togwell said he was starting his tenure with 94% of this year\u2019s revenue already locked in which he claimed was one of the strongest positions in the industry.<\/p>\n

Togwell, who officially took the reins this month, said he was \u201cexcited\u201d to lead the group into its next phase of growth after what he called a strong start to FY26.<\/p>\n

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The workload boost comes from a string of major wins, including Norfolk County Council\u2019s \u00a3700m highways and infrastructure contract running for up to 14 years, seven lots on the Crown Commercial Service\u2019s Transport Technology Framework, and a \u00a3205m reservoir improvement deal for United Utilities under AMP8.<\/p>\n

In construction, Kier has picked up four education projects worth around \u00a3190m and \u00a3116m of new prison expansion work at HMP Lancaster Farms under the Ministry of Justice\u2019s Small Secure Houseblocks Alliance.<\/p>\n

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Its property arm is also busy securing planning for a 452,000 sq ft logistics scheme in Andover and had started work on the pre-let Riverwell Town Square scheme in Watford with tenants including Travelodge, Tesco and Greggs.<\/p>\n

The group has further strengthened its finances with a new \u00a3190m revolving credit facility running to 2030, underlining lender confidence in Kier\u2019s long-term prospects.<\/p>\n

Kier said its strong cash generation remains on track and that performance this year will again be weighted toward the second half.<\/p>\n

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from Construction Enquirer https:\/\/ift.tt\/dXcwZV3<\/p>\n","protected":false},"excerpt":{"rendered":"

Kier has kicked off the new financial year on a high with trading in line with expectations and its order book swelling by \u00a3600m to \u00a311.6bn. New chief executive Stuart Togwell said he was starting his tenure with 94% of this year\u2019s revenue already locked in which he claimed was one of the strongest positions […]<\/p>\n","protected":false},"author":1,"featured_media":153,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[9],"class_list":["post-9052","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-construction-enquirer"],"_links":{"self":[{"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/posts\/9052","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/comments?post=9052"}],"version-history":[{"count":1,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/posts\/9052\/revisions"}],"predecessor-version":[{"id":9053,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/posts\/9052\/revisions\/9053"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/media\/151"}],"wp:attachment":[{"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/media?parent=9052"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/categories?post=9052"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/tags?post=9052"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}