John Laing plc
The business expanded rapidly in the late 1990s, such that for the year ended 31 December 2001 its turnover was in excess of £1 billion. Following significant losses on certain construction contracts it adopted a new policy of having the PPP / PFI businesses, in which it had been quite successful, as core activities. As a consequence it disposed of its construction division, which was sold to O'Rourke in 2001, its property developments divisions, which were sold to Kier Group, and its house building arm which was sold to George Wimpey in 2002.