Amey is itself up for sale, after its Spanish parent company Ferrovial decided back in October 2018 to divest its entire services portfolio. And within Amey, the utilities and environmental services business are held for sale separately, following a strategic review, and are thus treated as discontinued operations in the 2019 accounts, now filed at Companies House.
In continuing businesses, revenue at Amey UK grew by 拢325m in the year ended 31st December 2019 to 拢1.9bn (2018: 拢1.5bn), reflecting in part the acquisition of the other half of the CarillionAmey Defence joint venture in 2018. Operating profit was 拢73.2m (2018: 拢178.2m loss).
The loss from discontinued operations was 拢97.2m. After an exceptional impairment charge in respect of these discontinued operations of 拢158.9m, the total loss after tax was 拢217.5m.
The waste collections business, now up for sale, made an operating loss of 拢24.3m on 拢111m revenue. Including a 拢31.7m impairment charge relating to the business being put up for sale, its total operating loss was 拢56m.
The utilities business made an operating loss of 拢125.3m (including a 拢92m impairment charge) on revenue of (拢393.9m).
Amanda Fisher, who took over as chief executive at the start of 2020, said: 鈥淢arket conditions have remained challenging with government contracting and outsourcing services remaining firmly in the spotlight whilst the domestic government agenda has been overshadowed by Brexit. In 2020, the Covid-19 pandemic in the UK has also led to significant business challenges to be met, including ensuring the health and safety of all of our employees in this time. Throughout this period, we have remained focused on three key priorities: protecting our employees and the communities we serve; continuing to deliver for our clients and maintaining critical services that the country relies on; and supporting our suppliers.鈥�
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