Costain's order book value grew by £400 million during 2015, according to the company's most recent trading update.

The increase means the company finished the year at a new record level of £3.9 billion, compared to £3.5bn in 2014.

This includes over £1.1bn of revenues secured for 2016, a slight increase on the over £1bn figure secured for 2015.

-- Advertisement --

In addition, over 90% of the order book comprises repeat business and is in target cost, cost reimbursable, collaborative forms of contract providing good long-term visibility.

Costain also has a strong preferred bidder position, standing at over £500m.

The company now starts the year with £100m of net cash, including the £36m acquisition of Rhead Group.

Andrew Wyllie CBE, Chief Executive, said: "Costain has had another good year. We also have good visibility over the medium-term, having finished the year with a record order book and a strong net cash position, providing confidence for the future."

(LM)