Redpath Dorman Long Limited

HC Deb 09 March 1981 vol 1000 cc248-9W

Mr. Ralph Howell

asked the Secretary of State for Industry if he will take steps to denationalise or sell Redpath Dorman Long.

Mr. Michael Marshall

The British Steel Corporation is currently reviewing the possibility of introducing private capital into a number of its activities, and I do not consider that it would be helpful at this stage to use powers of direction to require the corporation to dispose of particular assets, such as Redpath Dorman Long Ltd.

REDPATH DORMAN LONG
	1970–71✶	1971–72✶	1972–73	1973–74	1974–75	1975–76	1976–77	1977–78	1978–79	1979–80
	£ million
Turnover	92.7	55.0	52.8	59.1	93.6	138.7	127.0	105.7	109.1	118
Profit/(Loss)	0.3	0.7	0.5	(4.6)	(11.2)	(2.0)	2.3	(5.4)	(5.4)	(16)
Net Assets	23.0	17.7	9.7	20.4	8.6	33.2	16.6	10.8	24.0	17
✶ Before April 1972 RDL formed the Structural or Constructional Engineering Division of the Corporation.