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Future: Look at Kier plc strengths and weaknesses for the past year of performance and consider some of the acquisitions and par - Essay Example

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Future: Look at Kier plc strengths and weaknesses for the past year of performance and consider some of the acquisitions and par

Kier Group can be said to be involved in chain supply activities that are complete. This has been made possible by the wide network of Kier Group that is, the various branches in more than 50 regional offices as well as strong relationships locally. Market wise Kier Group has been able to achieve success despite the hard economic times. The survival during these hard economic times has been so due to the company’s diverse skills and well integrated models. Also, a rich pool of working staff has also seen to it that the company stays strong and competitive. Kier Group has a performance that would be said to be resilient. This has been sustained by ensuring cost control as well as ample risk management strategies. They also ensure tight cash management that is continual and also maintaining focus and investing in people (JENNINGS 2010, p.78). Other aspects are to have business models that are integrated as well as levering them and finally, pursuing new growth markets as well as possible frameworks, Financially Kier Group has been fairing on well. There was a marked increase of 4 percent that is to say 80 million dollars. Kier Group acquired Beco, a small company but quite significant. Beco was purchased at 2.4 million dollars. Beco deals with designing and installation of energy sources that are renewable. Basically involves the solar panels. The purchase of Beco in 2010 November and the sale of property as at 2011 April, led to 18 million dollars as a combined amount (KIER, 2O11, P.2). A reflection of strength and depth is seen when underlying growth is experienced that is with the exclusion of the land transaction in 2010. Before the amortization of assets, the operating profit was 23 percent and that are inclusive of the joint ventures. This is ahead of last year by 71.1 million dollars with 2.7 percent as the operating margins in the construction divisions. Kier has been able to deliver substantial results despite the hard economic times. The successful turnout is courtesy cash performance which can be said to have been robust with 129 million dollars as the net cash at the end of the year. This is as a result of massive investment deals across the group (CITB – CONSTRUCTIONSKILLS, 2010, p.49). Resources have been relocated so as to take care of the secured projects. This has improved on the operational efficacy hence, facilitating for cost effectiveness. Maintenance of focus to is done to ensure the provision of intelligent solutions to their prospective customers. This further gives room to Kier to continue to have access to opportunities on a larger scale across all divisions. The workers in Kier group have worked tirelessly to ensure they are able to meet the customers’ demands sufficiently. The pool of workers is rich in terms of skills and knowledge hence, sure success in terms of product or service delivery. The people working at Kier have worked hard and hence, success of Kier Group Company (JENNINGS, 2010, p.87). Kier Group is in partnership with the council. The council and Kier Group have worked real close to ensure customer satisfaction. Their contract has facilitated for improvements in service delivery. Kier Group has experienced a reduction in the operation cost. This is as a result of working efficiently as well as innovatively. It is not just Kier that benefited from the savings. This is so as Kier Group passed ...Show more

Summary

Kier Group Company. Name: Institution: Date: Kier Group Company Kier Group is a company based in the United Kingdom. It owes it origin from a Kier and Lotz, who set up a small firm in Britain. It went public back in the year 1963. It currently stands as a leading company that specializes in construction works housing, property development and financing of structured property (KIER, 2011.p.1)…
Author : wilmahegmann
Future: Look at Kier plc strengths and weaknesses for the past year of performance and consider some of the acquisitions and par essay example
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