 On 28 July 2019, it was reported that a £2.3bn management buyout of Amey, backed by private equity house Apax Partners, was being planned.The following day, Amey revealed a pre tax loss of £428m for the year to 31 December 2018.On revenues of £2.32bn, a £208,000 pre tax profit was wiped out by exceptional items, including £123m on the highways contract for Birmingham, and a £314m write down on its waste collection and utilities businesses.