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Firm benefits from acquisition

Strong order pipeline boosts figures at Esh

Simon PhilipsA strong pipeline of new business has contributed to a sharp rise in profits before tax at Esh Construction Group.

The company has benefited from the acquisition of Border Construction and the opening of an office Livingston, it said in an annual results statement.

Profit before tax in 2014 rose to £9.5 million against £3.2m in the previous year, on a 43% uplift in turnover to £277m.

Brian Manning, group chief executive, said it had been “a very busy and exciting year for the group”.

He added: “The acquisition of Border Construction, now rebranded Esh Border Construction, contributed some £20m of the increase in turnover and this now gives Esh Group access to markets in both Scotland and Cumbria.

“Investment into the Yorkshire and Humberside market continued with further office space being taken by Esh Construction at Thorpe Park.

“The North East also remained a strong and vibrant market for us, characterised by wide-ranging construction activities.

Regional managing director, Simon Phillips (pictured) said: “We now employ over 1,200 people across all of our operations with close to 100 staff in Scotland, making up a significant part of the business.”

“The extension of our added value work in the community via our award-winning Building My Skills programme – supported by over 60 other businesses – further demonstrates our commitment to the regions in which we work.”

Esh Border Construction has a strong pipeline of new business wins. It was recently named the appointed contractor on Historic Scotland’s £8.9m Engine Shed project in Forthside, Stirling, and recently completed work on a refurbished clubhouse for Gullane Golf Club in East Lothian which hosted this year’s Scottish Open.

Social housing projects across Scotland have been a major cornerstone of Esh’s operations,  with much-need housing being completed in conjunction with Scottish Borders Housing Association, East Lothian Council, Eildon Housing Association, and Castle Rock Edinvar Housing Association.

Shareholders were updated on a reorganisation of the share scheme which has recently paid out £6m. The reorganisation was carried out to create further scope for management and employees to be rewarded and incentivised towards further growth.

 

 

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