Business Boost sees 40% Trading Increase for Britcon
Building, civil engineering and structural steelwork company Britcon has announced a healthy business growth for its 2016 half year trading with an anticipated 40% year-end growth on the last 2 years’ average to over £40 million.The North Lincolnshire business, which recorded a lower than expected £27 million turnover for 2015 due to slower pipeline conversion impacted by the general election, said that the improved trading in 2016 would allow significant investment in its people and IT systems. Over the last twelve months it has employed 20 new people across all areas of the business, including rapid growth of the Yorkshire office.
Britcon Managing Director, Paul Clarkson, attributes the successful growth across all aspects of the business. He said, “From late 2015 we saw a surge in opportunity across all key sectors, including energy and renewables, retail, industrial and commercial. Although some projects were delayed, a healthy forward order book has allowed us to invest in the team and resources over the last 12 months to facilitate our expected trading in 2016 and beyond.”
Britcon is a part of the Hunt Group of Companies which specialises in the property sector. Group CEO Shaun Hunt said, “Britcon has an excellent team that continues to make good progress as we emerge from difficult times across the industry. In particular I am very pleased with Britcon’s involvement in recent group development projects including a 21,000 sq ft industrial and retail scheme at Allerton Bywater and the conversion of the listed Hirst Priory to become a wedding and events venue. Britcon is also appointed to deliver 25,000 sq ft of industrial space at the hugely successful Markham Vale business location in Derbyshire.”
Britcon directly employs 90 people on its project sites across the UK. Key contracts secured in the last six month includes a £13.5 million contract to deliver a new anaerobic digestion (AD) plant in Dagenham for food waste recycler ReFood (UK) Ltd, a series of new developments, extensions and refurbishment projects valued at over £10 million for Lidl, and contracts worth £3.5 million for global chemicals business Kemira.
Britcon’s Steelwork division, Britcon Engineering Services, has also seen a major boost accounting for over £5.5 million of the £40 million total. This 30% growth is attributed to a continued increase in projects in the private commercial & industrial sectors, underpinned by continued strong performance in the rail industry and in particular Network Rail as it pursues its £25 billion Railway Upgrade Plan.
In 2014 Britcon opened a new office in Yorkshire which has since secured a number of significant contracts in the region, facilitating growth from 1 to 10 permanent people. Key projects include the completion of a £4.2 million technical centre at the Advanced Manufacturing Park (AMP) in Sheffield, a listed building conversion for The University of Huddersfield, an outdoor learning centre in Ilkley for Bradford City Council, and a new housing development for Leeds City Council.
Britcon, which has been established for more than 26 years, is currently listed by the London Stock Exchange in its latest report of ‘1000 Companies to Inspire Europe’.