Move to new HQ
Veitchi returns to roots on the Clyde
The move from its four buildings in Rutherglen’s Bouverie Street, where its has been based for 50 years, marks a return to where the company originated.
It has acquired a 20,000 sq ft building at the Gateway Glasgow development in Cambuslang.
“We’re pleased to bring positive news to the area with jobs, employment and investment at a time when there is further uncertainty of jobs on the Clydeside,” said managing director, Jim Preston.
“Our new headquarters are a prudent acquisition by the Group allowing us to consolidate the head office and four Veitchi business divisions, whilst also giving us room for future expansion.”
Earlier this month the group revealed that profits before tax grew by 26% with turnover reaching £37m.
Mr Preston said profits are up due to the group’s growing geographical order book and its burgeoning Metframe business. Veitchi is one of only four companies in the UK licensed to use the pre-panelised building system, suitable for constructing hotels, offices, student accommodation and flatted developments up to eleven storeys in height.
Group financial director, James Stewart, said: “This is an excellent set of results, which highlights the Group’s strength in depth in a demanding market place.”
The business employs 320 staff with half of those attributable to Richardson and Starling, Scotland’s largest and oldest building preservation company.
“Our staff are our greatest asset and their commitment and skill is the key to our success,” added Mr Stewart.