13 Facts About Costain Group

Costain Group plc is a British construction and engineering company headquartered in Maidenhead, England.

In 1933, the London based Richard Costain Group was floated on the London Stock Exchange; the Liverpool business was not part of the flotation.

Losses on the railway, on Beckton sewage works and the costs of Dolphin Square caused financial problems, and Costain Group had to look for alternative funds when Barclays withdrew its overdraft facilities.

Second World War saw Costain Group carrying out extensive military work including airfields and ordnance factories, and it was one of the contractors who built the Mulberry harbour units.

Costain Group was a major beneficiary, particularly in the Emirates, and within a decade profits increased from little more than £1m a year to £47m.

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However, over expansion in the end of the 1980s led to high gearing just as international markets were turning down, problems exacerbated by a disastrous explosion which killed ten people in 1989 at a Costain Group owned coal mine in the United States, for which the firm was fined $3.

At a dramatic low point in April 1995, the demise of Costain Group was predicted, incorrectly, by broadsheets in the United Kingdom.

In 2010, Costain Group was named Contractor of the Decade by New Civil Engineer.

On 11 March 2020, Costain Group announced a £100m rights issue, aiming to strengthen its balance sheet after it suffered a £6.

Costain Group was affected by the COVID-19 pandemic shutdown with major projects suspended.

Costain Group's activities are organised into two operating divisions: Natural Resources and Infrastructure .

Costain Group is involved in the redevelopment of Bond Street Station due for completion in 2021 and HS2 lots S1 and S2, working as part of joint venture, due to complete in 2031.

Costain Group was revealed as a subscriber to the United Kingdom's Consulting Association, exposed in 2009 for operating an illegal construction industry blacklist.