Review of the Business
The company continues to undertake new build housing contracts mainly for partnered housing associations delivering land lead or tendered developments throughout Gloucestershire.
2024
Investment in replacing old vans, plant and machinery continued into 2024 not only on site but updating ageing computers, telephone systems and upgrading software programmes was also a significant part of further investment.
As the tallest building project we have ever built to date was completed and successfully handed over in March, we also had one of the largest contract value developments in full swing which became a key anchor project throughout the year.
The construction Industry was a very daunting place in 2024, the increase in insolvencies and seeing long established companies disappear, painted a very dark picture and showed just how turbulent a period we had weaved our way through as a business.
Strong leadership from the management teams and shear hard work from key employees has kept the company on an upward path increasing sales growth year on year by a further 14%.
The company stayed financially cash positive throughout the year, increasing company reserves. With a steady stream of land and tender opportunities we are encouraged that further business growth will be achievable into 2025/26 creating internal promotions and further strengthening the management team.