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Mowlem

From Wikipedia, the free encyclopedia
For people named Mowlem, see Mowlem (surname).

Mowlem
IndustryConstruction
Business services
Founded1822
Defunct2006
FateAcquired
SuccessorCarillion
HeadquartersLondon, England
Key people
Joe Darby, (Chairman)
Sir John Gains, (CEO)
Number of employees
25,600

Mowlem was one of the largest construction and civil engineering companies in the United Kingdom. Carillion bought the firm in 2006.

History[edit]

The firm was founded by John Mowlem in 1822, and was continued as a partnership by successive generations of the Mowlem and Burt families, including George Burt, and Sir John Mowlem Burt.[1]

The company was awarded a Royal Warrant in 1902 and went public on the London Stock Exchange in 1924.[2] During the Second World War the company was one of the contractors engaged in building the Mulberry harbour units.[3]

A long-standing national contractor, Mowlem developed a network of regional contracting businesses including Rattee and Kett of Cambridge (bought in 1926); E. Thomas of the west country (bought in 1965) and the formation of a northern region based in Leeds in 1970.[4] The network was further augmented by the acquisition of Ernest Ireland of Bath during 1977,[5] as well as the purchase of of McTay Engineering of Bromborough together with its shipbuilding subsidiary McTay Marine during the late 1970s.[6]

During 1971, the company expanded overseas via the purchase of a 40% shareholding in the Australian contractor Barclay Brothers, in which it later took total ownership of. The Australian business, re-branded Barclay Mowlem, expanded into all other Australian mainland states, except South Australia, as well into Asia.[7][8]

During 1986, Mowlem acquired the scaffolding specialist SGB Group;[9] its purchase of Unit Construction that same year gave the company a substantial presence in the private house building sector. Within two years, sales were up to an annual rate of 1,200 homes. However, a recession during the early 1990s led to Mowlem incurring losses in excess of £180m between 1991 and 1993, which placed pressure upon its banking covenants that compelled it to respond. During 1994, the company divested itself of its housing division via its sale to the rival homebuilder Beazer.[10]

In 1984, a joint venture between Mowlem and GEC was awarded a contract to deliver the Docklands Light Railway (DLR), a fully automated transport system using light rail vehicles serving the redeveloped Docklands area of London.[11] Over the next two decades, the DLR would prove to be quite lucrative for Mowlem.[12]

During the mid-2000s, Mowlem entered into a period of financial difficulties; in 2005 alone, it issued four separate profit warnings and recorded losses totalling £73.4 million.[13][14] Several projects undertaken by the firm, such as the Spinnaker Tower in Portsmouth and the Bath Spa, had encountered considerable difficulties.[15][16] Simon Vivian, the company's chief executive, ordered a financial review of its ongoing projects along with the restructuring of its construction services operation, splitting it into three divisions (Mowlem Building, Mowlem Infrastructure and Mowlem Engineering) and enacting roughly 300 job losses.[13][4][17]

During December 2005, it was announced that rival construction company Carillion was set to acquire Mowlem in exchange for £291 million.[13][18] The two companies were considered to be a good fit for one another, both having heavily involved themselves in various private finance initiative (PFI) schemes, taking on various responsibilities and functions traditionally performed by national governments. After the acquisition was completed, Mowlem ceased to exist as an entity, having been absorbed into Carillion's operations.[19][20] Carillion's management publicly expressed that the Mowlem acquisition had led to some difficulties for the company.[21]

Major projects[edit]

Tower 42 built by Mowlem

Major projects undertaken by or involving Mowlem included:

Mowlem was also the owner and developer of London City Airport completed in 1986.[42]

See also[edit]

  • John Mowlem - Biography of the founder of the company
  • George Burt - Biography of his successor as manager of the company
  • Edgar Beck - Biography of chairman then president between 1961-2000
  • Frank Baines History of John Mowlem unpublished typescript history held at London Metropolitan Archives

References[edit]

Citations[edit]

  1. ^ "Burt, Sir John Mowlem, Kt". National Maritime Museum Cornwall. NMMC. Retrieved 8 December 2015.
  2. ^ Mowlem 1822–1972 – Mowlem Public Relations brochure, 1972, p. 3.
  3. ^ a b Hartcup 2011, p. 94.
  4. ^ a b "Mowlem carves up construction division". Manchester Evening News. 30 June 2005. Retrieved 19 June 2022.
  5. ^ "Construction group John Mowlem". The Times. 1977.
  6. ^ "Mersey Notes" (PDF). Liverpool Nautical Research Society. 1 January 1980. p. 94. Retrieved 19 June 2022.
  7. ^ "New Firm". Papua New Guinea Post-Courier. 20 October 1970. p. 19.
  8. ^ "Barclay Mowlem up for grabs". Australian Financial Review. 28 March 2006. {{cite web}}: |archive-url= requires |archive-date= (help)
  9. ^ "Notes on Financial Times Actuaries Index 1986" (PDF). Archived from the original (PDF) on 7 January 2005.
  10. ^ Wellings, Fred (2006). Dictionary of British Housebuilders. Troubador. ISBN 978-0-9552965-0-5.
  11. ^ "World Report". Railway Age. October 1984. p. 31.
  12. ^ Withers, Malcolm (8 March 2001). "DLR helps Mowlem ride high at £25 million". London Evening Standard. Archived from the original on 25 October 2012. Retrieved 25 June 2009.
  13. ^ a b c "Contracting giant Mowlem bought out". architectsjournal.co.uk. 7 December 2005.
  14. ^ a b "Mowlem dives into the red". Evening Standard. 4 February 2005.
  15. ^ "Mowlem in court over Bath Spa". constructionnews.co.uk. 2 October 2003.
  16. ^ "Mowlem hands over delayed Spinnaker Tower". constructionnews.co.uk. 14 October 2005.
  17. ^ Gardiner, Joey; Leftly, Mark (30 September 2005). "Mowlem's bitter lessons". building.co.uk.
  18. ^ "Carillion agrees £291m price for Mowlem". building.co.uk. 7 December 2005.
  19. ^ "Construction firms agree takeover". BBC News. 7 December 2005.
  20. ^ "Mowlem has been in the building business for at least 360 years". constructionnews.co.uk. 13 April 2006.
  21. ^ Monaghan, Angela (20 April 2007). "Carillion didn't buy a pup, it was a monster. How would it tame mowlem?". building.co.uk.
  22. ^ a b c d e Mowlem 1822–1972 – Mowlem Public Relations brochure, 1972, p. 4.
  23. ^ Temple, Philip (2008). "'Clerkenwell Road', in Survey of London: Volume 46, South and East Clerkenwell". London: British History Online. pp. 385–406. Retrieved 8 April 2023.
  24. ^ "History of the Woolwich Ferry". Royal Borough of Greenwich. Retrieved 8 December 2015.
  25. ^ a b c d Mowlem 1822–1972 – Mowlem Public Relations brochure, 1972, p. 7.
  26. ^ a b c d Mowlem 1822–1972 – Mowlem Public Relations brochure, 1972, p. 8.
  27. ^ a b c Mowlem 1822–1972 – Mowlem Public Relations brochure, 1972, p. 6.
  28. ^ "Sign in to Photo Forums". time-capsules.co.uk. Retrieved 15 March 2015.
  29. ^ Smith, Denis (2001). Civil Engineering Heritage: London and the Thames Valley, p. 70. Thomas Telford. ISBN 9780727728760. Retrieved 25 November 2008.
  30. ^ "nuclear-sc-wl". industcards.com. Archived from the original on 19 July 2009. Retrieved 15 March 2015.
  31. ^ Civil Engineering, American Society of Civil Engineers, 1966, p. 59.
  32. ^ Mowlem 1822–1972 – Mowlem Public Relations brochure, 1972, p. 9.
  33. ^ "About the Falklands". Ministry of Defence. Retrieved 4 June 2012.
  34. ^ "Docklands Light Railway (D.L.R.)". Exploring 20th Century London. Archived from the original on 15 March 2013. Retrieved 3 September 2009.
  35. ^ "Past, Present and Future" (PDF). Metrolink. 2003. Archived from the original (PDF) on 25 March 2009. Retrieved 28 December 2008.
  36. ^ "Thames House and Vauxhall Cross". National Audit Office. Retrieved 15 March 2015.
  37. ^ "Mowlem for Albert". Construction News. 3 November 1994. Retrieved 5 June 2012.
  38. ^ "Moving three hospitals is a truly major operation". The Journal. 9 December 2003. Retrieved 31 March 2018.
  39. ^ "Spinnaker Tower, Portsmouth - Building #406". skyscrapernews.com. Retrieved 15 March 2015.
  40. ^ "Steel conversion for Twickenham". New Steel Construction. 1 September 2006. Retrieved 20 January 2018.
  41. ^ "Dublin Port Tunnel settlement". tunneltalk.com. Retrieved 15 March 2015.
  42. ^ "Mowlem sighs with relief on pounds 15.5m disposal". The Guardian. 31 October 1995.

Sources[edit]

  • Hartcup, Guy (2011). Code Name Mulberry: The Planning Building and Operation of the Normandy Harbours. Pen & Sword Military. ISBN 978-1848845589.
  • Mowlem 1822–1972 – Mowlem Public Relations brochure, 1972
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