French contractor Bouygues’ UK arm posted turnover of £349.6m for the year to 30 September 2015, up from £331.2m in its previous results, but slumped to a pretax loss of £19.4m, compared with a £11.5m pretax profit a year earlier.
The firm said “ongoing challenging market conditions” were behind the losses, but added that it had “secured significant levels of new orders” during the year.
The largest scheme won by the company during its last financial year was the £1bn deal to build phase three of Battersea Power Station, in one of the largest private building contracts ever to be awarded.
Bouygues has also made the shortlist for seven civil engineering works packages for HS2, worth £11.8bn, alongside joint venture partners Volker and Sir Robert McAlpine.
However, the firm was replaced by Skanska earlier this year on Great Ormond Street’s £65m Zayed Centre for Research project.
Earlier this year, CEO Madani Sow stepped down from his role after eight years with the company.
