FM Conway
| Company type | Private |
|---|---|
| Industry | Civil engineering |
| Founded | 1961 |
| Headquarters | Sevenoaks, Kent, England, UK |
Key people | Joanne Conway, chairman and chief executive[1] |
| Revenue | £535 million (FY to March 2023)[2] |
| Website | FMConway.co.uk |
FM Conway is a UK-based family-run civil engineering contractor specialising in highways and other infrastructure work. Subject to regulatory approval, the company will become part of Vinci Construction in early 2025.
History
[edit]
The company was founded in 1961 by Francis Michael Conway; his son Michael Conway then served as CEO for more than 40 years,[3] and was later succeeded as CEO and chair by his daughter Joanne Conway.[1] It has a network of asphalt and aggregate recycling manufacturing plants serving London and the south of England, as well as two Thames-side wharves, at Erith and Gravesend.[4] The company was based in Dartford, Kent, but moved its headquarters to Sevenoaks in 2016.[5]
In February 2020, FM Conway was suspended from the Prompt Payment Code for failure to pay suppliers on time.[6] It was reinstated in August 2020 after process improvements."[7]
In the year ending 31 March 2022, FM Conway had revenues of £478.1m, up from £338.2m in 2021, with much of the growth due to the March 2021 acquisition of Toppesfield, which brought an addition £80m of turnover. Pre-tax profit was down 13% to £17.2m (2021: £19.8m).[8] Twelve months later (March 2023), the firm's turnover topped £500m, reaching £535m due to inflation and new work wins.[2] The company was ranked as the UK's 41st largest contractor by turnover according to Construction News.[1]
In May 2023, FM Conway bought Essex-based drainage contractor Flowline out of administration, saving 164 jobs.[9]
In October 2024, it was announced the 2,000-strong business would be acquired by Vinci Construction, subject to regulatory approvals, with the deal expected to complete in early 2025.[10]
Projects
[edit]In June 2021, FM Conway was appointed by the City of London Corporation to refurbish Blackfriars Bridge.[11]
In February 2022, FM Conway and subcontractors Freyssinet and Taziker Industrial were set to start work on the restoration of Hammersmith Bridge in west London.[12]
In October 2023, FM Conway undertook repairs to London's Millennium Bridge during a three-week closure,[13] having repainted the bridge in a project in 2016.[14]
In January 2024, FM Conway replaced an existing road surface in Westminster, using 92% recycled materials, believed to be the highest level achieved on a UK road.[15]
References
[edit]- ^ a b c Pitcher, Greg (15 November 2023). "FM Conway names founder's granddaughter as new chief exec". Construction News. Retrieved 17 November 2023.
- ^ a b Morby, Aaron (15 September 2023). "FM Conway revenue tops £500m". Construction Enquirer. Retrieved 15 September 2023.
- ^ Britcher, Chris (20 April 2022). "Funeral takes place of FM Conway chairman and former CEO Michael Conway MBE". KentOnline. Retrieved 31 October 2024.
- ^ "Locations". Fmconway.co.uk. Retrieved 20 November 2023.
- ^ "Construction firm FM Conway moving HQ from Dartford to Sevenoaks". Sevenoaks Chronicle. 8 May 2015. Retrieved 15 July 2015.
- ^ Prior, Grant (12 February 2020). "F M Conway suspended from Prompt Payment Code". Construction Enquirer. Retrieved 13 February 2020.
- ^ Garner-Purkis, Zak (13 August 2020). "Prompt payment redemption for Kier Integrated Services and FM Conway". Construction News. Retrieved 13 August 2020.
- ^ "FM Conway turnover approaches £500m". The Construction Index. 6 October 2022. Retrieved 6 October 2022.
- ^ Prior, Grant (9 May 2023). "FM Conway buys Flowline from administrators". Construction Enquirer. Retrieved 9 May 2023.
- ^ "VINCI Construction swoops for FM Conway". Construction Enquirer. Retrieved 30 October 2024.
- ^ "City of London Corporation appoints contractor for multi-million-pound refurbishment of Blackfriars Bridge". City of London Corporation. 17 June 2021. Retrieved 31 October 2024.
- ^ "Conway team to start Hammersmith Bridge stabilisation this month". The Construction Index. 14 February 2022. Retrieved 14 February 2022.
- ^ Dale, Sarah (25 October 2023). "Catch net installed to soffit of Millennium Bridge to facilitate planned maintenance work". Infrastructure Intelligence. Retrieved 26 October 2023.
- ^ Smith, Matt (15 January 2016). "FM Conway gives Millennium Bridge a makeover". Construction News. Retrieved 31 October 2024.
- ^ Browne, Dominic (10 January 2024). "FM Conway hits 92% recycled materials record". Highways. Retrieved 31 October 2024.
