Heidi-ho, and running well
NORTHUMBRIAN Water, which entered the rarified atmosphere of the North East top companies list at 20th in 1990, is this year up two places from last at ninth - its best performance yet.
This will encourage new chief executive Heidi Mottram as she succeeds the now retired John Cuthbert.
The regulated monopoly utility was recently cited by the Stock Market for exemplary clarity and openness in annual reporting, and its latest performance suggests it certainly has nothing to be shy about.
Bellway, the region’s biggest housebuilder, is down three places at 10th, but has been fighting vigorously for business in one of the economy’s sectors worst hit by the recession.
The Newcastle group, which has now provided 100,000 homes since its start-up in 1946, returned to profit in the half year to the end of January, having fallen into the red for the first time in its history in 2009.
By February chief executive John Watson was reporting a rise in sales and orders, and by March he could say sales were up.
Bellway had provided a textbook example of North East resilience.
Share
