Hertfordshire based fit-out and refurbishment contractor Pexhurst enjoyed a surge of work last year sending turnover up 44%. Latest results for the year to January 31 2024 show turnover up to £50.2m from £36.4m last time while pre-tax profit increased to £3.4m from £1m. Pexhurst takes on a wide range of project values from small and niche through to large-scale £10m logistics refurbishment schemes. The firm is anticipating further growth across the industrial, commercial and specialist sectors to allow for continued and controlled expansion. Martin Vella, managing director at Pexhurst, said: “We’re very proud of our financial results and our continued ability to offer clients a reliable, experienced team to deliver their projects. “It has been a challenging few years for the construction sector with a number of unexpected events meaning we must remain agile, but we have proven our resilience and successfully contributed to a variety of schemes in the process. “Our way of operating means there are multiple reasons for our ongoing growth, one of which is strong relationships with a long-established client base and a resounding amount of repeat business. However, we’re also pleased to be securing projects with new clients with successful track records, making our mark in multiple sectors and widening our geographical presence. “We want our financial results to highlight that we are a safe pair of hands with extensive resources, capable of derisking projects. “Our portfolio of work in the industrial and logistics sector is what we are most known for, but our pipeline of work in sectors such as commercial and science and technology demonstrate that we’re always scanning for exciting https://lnkd.in/gA8kFHNW
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Red Construction tops £100m turnover RED Construction Group has delivered a strong year of growth nearly doubling turnover to £115m. RED chief Graham Sturge MCIOB sees another year of controlled growth for 2025 In the year to April 2024, RED doubled pretax profit to £2m maintaining profit margin at 1.7%. Based on a strong order book, RED is forecasting another year of strong controlled growth that should generate revenues of over £130m to April 2025. The firm, which operates from business centres in London and the south west, delivers a mix of projects ranging up to £50m. Its special projects arm targetting projects under £10m in value has secured several ‘cut and carve’ projects for the growing office overhall market in the capital. Graham Sturge, CEO at RED Construction Group, said: “12 months ago, we predicted 2023/24 would be a huge milestone for the business, and I’m proud that we’ve met that and more, with a turnover comfortably over the £100m mark for the first time. “We’ve also sustained a robust profit margin, an important element of the stable, considered growth we want to achieve year-on-year. “Whilst we celebrate this, we’re also very conscious of the volatility of our market. “Our focus for the coming year remains the same – risk management, stable growth, and supporting our supply chain partners, that are often hit hard by that volatility and rarely spoken about publicly. RED Construction Group is currently delivering a portfolio of works across hospitality, commercial, office, and student accommodation sectors. Projects include the landmark 130,000 sq ft office scheme in the heart of Westminster for Tellon Capital, Berkeley Estate Asset Management’s comprehensive refurbishment of 8 Lancelot Place, a live office building in Knightsbridge, and significant works to Manhattan Loft’s iconic St Pancras Renaissance Hotel. https://lnkd.in/emmxC5yi
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Choosing the right building refurbishment contractor for your project can be challenging, so here are some of the qualities you should look for when considering your options.
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Art-Invest Real Estate appoints RED Construction Group at Sackville House, Piccadilly Appointment follows nearing completion of demolition work undertaken by Salter Construction Art-Invest Real Estate (Art-Invest) has appointed RED Construction Group as lead construction contractor to deliver the redevelopment of Sackville House on Piccadilly. A historic office building in the West End, it is set to offer 30,000 sq ft of new Grade A workspace alongside a new roof terrace, amenity space and a retail offer across the ground floor. Sackville House is an iconic building that is being significantly repositioned by RED Construction’s London team, with an extension to both the roof and rear and a comprehensive internal refurbishment, allowing the building’s fabric and heritage to be retained whilst delivering an exemplar commercial building back to the area for the next generation. Given RED Construction Group’s renowned ability with unique construction projects and its experience and understanding of building similar to the historic significance of Sackville House, the team is the ideal partner for Art-Invest. Start on site is expected in the first quarter of 2025. In the first half of this year, Art-Invest successfully secured planning permission for Sackville House, a Grade II listed building, located on the corner of Sackville Street and Piccadilly. Early enabling and strip out works undertaken by Salter Construction are well underway and expected to complete early in the New Year. https://lnkd.in/eeTTni8z
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Hi everyone, Phil here. I'd love to let you know a bit about me. I began my journey in construction in 2008, as a building cadet with PBS Building with my first project being the New Acton South Apartments in Acton. At this time and for the following 3.5 years I was working with PBS full time, undertaking a Degree in Building and Construction Management at UC full time, and also working a second job in retail on Sundays. Basically having no life outside of work and university during my mid-20s. I was fortunate enough to also work on the New Acton Nishi project team. However, in 2013 the construction company I was working for went into administration. Every staff member was made redundant, except 2 people, one of the other project managers and myself. This chain of events carved the way for me to start my very first company and was directly engaged by the developer (Molongo Group) to complete the commercial part of the project. Between 2015 and 2018, I went back to working for a couple of large building companies as a Project Manager and expanded my project experience to include more new build and fitouts over various sectors including office, health, and education. During this time, I am proud to have many of the projects I was involved in and/or managed win several awards including MBA Project of the Year 2018 and International Building Project of the Year 2015 in London. Driven by a desire to innovate and exceed industry standards, I decided to pursue my own pathway and founded Vamos Group in 2018. The vision was to bring the innovative and leading-edge design, construction methodology, finishes, materials, and technology used to deliver extraordinary results in commercial construction and adapt them to the high-end residential space. This vision is slowly coming to life which I am very proud of and invite you to follow along as I continue to push the boundaries of what's possible in design and construction. The mission…..to change the high-end residential landscape in Canberra. The first target… the empty shell in the New Acton South building where I started this journey. The empty shell being a 450m2, 2 storey penthouse overlooking all of Canberra’s icons and incredible landscape. Completed in 2019, featured on Chanel 9s Open Homes Australia and awarded judges commendation at the 2020 MBA awards. That was the start of forging a new and exciting era for myself and real estate in Canberra and beyond. Let's connect and explore this vision come to life as I commit to bringing a new age and look to this beautiful city.
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Making sure your customers and employees are safe should always be your first consideration whenever construction or renovations are taking place onsite. This short article highlights some things you can do to ensure things are done right.
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Oh oh.. "During the pause, Global News has learned some of the contractors brought in to do the conversion haven’t received payment in months." https://lnkd.in/g_Yt7SD9 #developer #construction #planning #design #affordablehousing #affordablerentals #realestate #commercialrealestate #condos #realestateindustry #interestrates #loaninterest #inflation #officeconversions
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As supply issues continue and construction costs far outpace Tenant Improvement Allowances people need to get creative and this is definitely influencing site selection. https://lnkd.in/ewai_pUx
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🏢 The Process of Commercial Building with Storee 🏢 Ever wonder what it takes to bring a commercial building to life? From design to construction, we handle every detail with precision and care. Learn more about our process in our latest blog! Read here:
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CASTIUM CONSTRUCTION What Are the Benefits of Hiring a General Contractor? Working with general contractors is an excellent idea for your renovation project because of their: – Connections to vendors and subcontractors: General contractors can get high-quality products and experienced subcontractors because of their relationships in the industry. Subcontractors and vendors respond well to a general contractor because they’ve most likely worked with them in the past or have been referred to them by previous clients. They’ll have the resources and negotiation skills to provide the best workers and materials for your commercial renovation project. – Flexible project planning: A general contractor’s connections with local vendors and subcontractors gives you flexibility in your remodeling design. Since you have access to more materials and experts, you can make minor tweaks to your renovation project as your ideas are successfully completed. A professional contractor has the necessary credentials to renovate your commercial property. As a result, you can have peace of mind that everything complies with the necessary building codes and that the workers install your building materials with the utmost care in mind. – Experience in the industry: Your general contractor has completed plenty of other construction projects before starting yours. They’re familiar with the factors that could delay a commercial renovation and can navigate them accordingly. They can also make sure the finished space is up to code so you can pass inspection and keep the project moving. When you work with an experienced general contractor, you have one communication point to answer your questions. They’ll coordinate with all the subcontractors involved in your project and address any issues that may arise. – Constant progress updates: Your general contractor oversees your project to let you focus on your other responsibilities. You can still be involved in the design process by checking in with the contractor to ensure everything goes according to plan. The contractor will be honest about the timeline and any unforeseen circumstances that may delay your project. Since they have experience in the industry, they can also navigate these delays to complete the remodeling on time. Let us guide you to a succeful project. Follow us: https://lnkd.in/dqqj-F2g https://lnkd.in/d3FF4y9m https://lnkd.in/d9Py9kRX https://lnkd.in/d2XquuNZ @castiumconstruction #castiumconstruction #construction #newyork #florida #califonia #followers #facebook #connections #build #london #stockholm #miami #losangeles #8800followers #generalcontractor #montecarlo #monaco #byggkrisen #byggbyggandet #bygg #byggbranschen #byggmästare #renovering #ombyggnad #tillbyggnad #rot #byggservice #nybyggnad #dinbyggare
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If my track record and capabilities resonate with your needs, let's connect and explore how we can collaborate for success. Thank you for your time." "Reflecting on a career spanning four decades, I've had the privilege of managing a diverse array of projects, each leaving an indelible mark on my professional journey. Here's a glimpse into the ventures I've spearheaded: Met Office Relocation Fire Escape and Internal Stairs - £1.5 million Met Office Relocation Architectural Package - £3 million Logford House Detention Centre Metalwork - £1.5 million Kingscross and St Pancras Underground Station Metalwork - A monumental project valued at £25 million, encompassing platforms, ticket halls, head structures, and internal cladding. Docklands Light Railway Metalwork - Overseeing metalwork across 18 stations, amounting to an impressive £30 million. East London Line Platform Extensions Steel/GRP - Enhancing infrastructure worth £6 million. North London Line Platform Steel/GRP - Contributing £4 million worth of structural enhancements. Denham Golf Club Station Steel/GRP - A project valued at £450k. Innovative Steel and GRP Platform System for Network Rail - Revolutionizing rail infrastructure with a groundbreaking solution worth £3.5 million on the West London Lines. Plymouth Shopping Centre Architectural Metalwork - Enhancing retail spaces with a £5.5 million investment. Rail Depots Access Gantries - Overseeing projects at Hornsey, Three Bridges, and North Pole, amounting to £6 million. Manchester Stocks Hotel Refurbishment - Preserving heritage with internal steelwork valued at £550k. Energy from Waste Plants Access Steelwork and Pipe Bridges - Contributing to sustainable solutions with projects in Horseham, Shepperton, and Hull, totaling £6 million. Rocklands Architectural Metalwork - Adding flair to Exmouth with balconies, spiral stairs, and feature balustrades worth £650k. Portal Lane Bristol Metalwork - Enhancing infrastructure with a £750k investment. Hayes Middlesex Balconies and Stairs - Elevating living spaces with a £4.5 million investment. Anfield Stand VIP Area Hybrid Steel and GRP System - Pioneering a radical solution to re-tier terraces, transforming them into VIP zones. Valued at £1 million. Largest Quarry Crushing Plant in the UK - Overseeing a monumental project comprising six buildings, 18 conveyors, and various crushing equipment, setting a new benchmark in the industry. But it's not just about managing projects; it's about problem-solving, business development, and delivering excellence from inception to completion. I've navigated challenges, negotiated variations, and earned a reputation for turning around troubled projects. Beyond project management, I also built a businesses from the ground up, growing them from £230k to £3 million in just five years. However, recent global challenges have necessitated a fresh start, and I'm eager to bring my expertise to new opportunities.
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