Cavanna Homes, a homebuilders from the South West, has announced another year of steady growth and a record number of sites in development across its region. The Torquay-based firm, which currently has new homes for sale in seven locations in Devon, Cornwall and Dorset, will be bringing forward an additional
The UK’s leading supplier of rainscreen cladding systems, Vivalda Group plc, has confirmed strong growth for the year ending December 2017, with its turnover increasing by 19% to £31m. Despite the chronic under performance of the construction sector, the Grenfell Tower tragedy, Brexit and the impact of the Carillion collapse,
Italy-based construction giant Nacanco has reported growth in the first half of its 15th year in operation. This comes on the heels of the company’s activities to expand its fleet and increase its presence in the construction industry. Managing Director, Marzia Giusto, reported a 5% increase in sales and a corresponding
Much like within the architecture sector, contractors within the building engineering services sector maintain a positive outlook, with turnovers reported to have increased over 6 months up to last December (reported by BESA). The growth showcases the present state of the sector and its capacity to grow amidst unreliable economic
Turner & Townsend, one of the UK’s leading professional providers of programme management, project management and cost management has successfully managed to confirm a financial package worth some £80m from three of the UK’s leading banks, namely: Royal Bank of Scotland, HSBC and Lloyds Commercial Bank. The announcement sits alongside
From the finish of 2014 through to the start of this year, it has been reported that the Recolight WEEE compliance scheme has had a substantial net growth of some twenty three producers which have been added to its member base; this signals an increase which far overshadows that of
Cavanna Homes, a homebuilders from the South West, has announced another year of steady growth and a record number of sites in development across its region. The Torquay-based firm, which currently has new homes for sale in seven locations in Devon, Cornwall and Dorset, will be bringing forward an additional five sites this year, including Wincanton in Somerset, making it the busiest construction year in the company’s 95 year history. Pre-audited figures show a £64.7 million turnover in 2018 which represents a 6.4% increase on the previous year. Moreover, a total of 290 new homes were sold; 201 open market and 89 affordable homes for rent or shared ownership through a housing association. Last year’s results have been welcomed by the company, especially in light of the decline in the property market. “It’s been well publicised that nationally the housing market has taken a bit of a downturn, and the South West is no exception. The uncertainty over a Brexit ‘deal or no deal’ is causing people to wait and see what this will mean for the country and their own personal circumstances. Whilst there has been a dip in numbers of visitors to our showhomes over the last few months, the prospective buyers we’ve seen have been extremely positive of both the quality and specification of our new homes as well as the overall developments,” explained Cavanna Homes’ Managing Director Keith Miller. For 2019 the company has a range of new homes for sale at seven Westcountry locations: Bodmin in Cornwall and Holsworthy, Barnstaple, Stoke Gabriel, Paignton, Torquay and Newton Poppleford in Devon. Cavanna is also bringing-forward a further five new developments; Barley Meadow at Dawlish, Cavanna@Wolborough Hill, Newton Abbot, Broadleigh Park at Tavistock, Bellevue at Bude and Cales Reach at Wincanton. “Our business plan for 2019 has been adjusted to reflect the current market conditions, especially in the first quarter,2 said Looking forward, Keith Miller. “Whilst we anticipate a slowdown, we are proceeding with cautious optimism during this unprecedented and unpredictable period.” Cavanna Homes’ 95th anniversary was market by the launch of a new brand and a new portfolio of house styles – The Westcountry Collection – which can be viewed at new showhomes opening in the New Year at Kings Orchard – Stoke Gabriel, Alfred’s Gate – Newton Poppleford and Moorland Vale – Bodmin.
The UK’s leading supplier of rainscreen cladding systems, Vivalda Group plc, has confirmed strong growth for the year ending December 2017, with its turnover increasing by 19% to £31m. Despite the chronic under performance of the construction sector, the Grenfell Tower tragedy, Brexit and the impact of the Carillion collapse, Vivalda has continued to grow its business via a twin track strategy of unrivalled product quality and service to satisfy the needs of the expanding off-site fabrication market. The business, which now boasts eight locations throughout the UK and Ireland, took the decision last year to stock only fully certified cladding products – providing assurance and building trust among specifiers and contractors. The company has also invested more than £250,000 in new technology, enabling it to supply finished products to the fast-growing off-site building fabrication sector. Vivalda’s chairman, Peter Johnson, said: “Given ongoing challenges facing the building industry the past 18 months have not been easy for many businesses. “And yet despite this – by sticking to our strategy of investing in technology, people and our customers – we have continued to grow our company by nearly 20% year on year. At the same time, we have also been pleased to see our PURA Facades business go from strength to strength, on the back of sustained demand for its range of natural cladding products using stone, terracotta and glass reinforce concrete.” Voted in 2018 by the London Stock Exchange as one of the ‘1000 Companies to Inspire Britain’, Vivalda has not been afraid to innovate and invest to differentiate itself from other rainscreen cladding distributors. While the company’s turnover has continued to increase, so has the productivity of the business. Based on its 2017 accounts, Vivalda’s value added per employee* comes in at £94.300, which according to the UK Industry Performance Report (2016) is more than £30,000 above the construction sector average of £63,700. Johnson concluded: “While a healthy top line figure is always good to see, this is only the tip of the iceberg as far as business performance is concerned. During 2017, we worked hard to improve our productivity and accuracy, while reducing our waste. We’re very much behind the focus of the government’s new Construction Deal and believe that the attention on efficiency and productivity is vital to the long-term health of this vital UK industry.”
Italy-based construction giant Nacanco has reported growth in the first half of its 15th year in operation. This comes on the heels of the company’s activities to expand its fleet and increase its presence in the construction industry. Managing Director, Marzia Giusto, reported a 5% increase in sales and a corresponding increase in the company’s operating profit. He claimed this was in part due to longer average rental contracts and utilisation which grew from 62% to 65% in two years. Company reports also indicate that the firm’s ReRent service continually records profits. The company has also invested in expanding its fleet. It recently purchased JLG electric scissor lifts with 8m-10m working heights, an 18m JLG diesel articulated boom lifts and 20m Socage truck mounts. Nacanco now boasts more than 2500 pieces of equipment for hire. This comprises over 100 different models with a range of capabilities catering for heights between 3 and 43 metres. The Managing Director went on to recall the giant strides made by Nacanco’s sister company. Nacanco Service grew in terms of turnover, number of certified operators and range of different training facilities it provides. Giusto, stated that the company expects to keep the current growth rates and margins until the end of the year. The announcement comes as Nacanco celebrates 15 years in the aerial equipment rental sector. Employees celebrated with an open day at the company’s head office in Montichiari, Brescia. The celebrations also saw the launch of a new branch in Verona, a city in the north of Italy. ‘Increase the level of services’ Commenting on the launch of the new branch, the commercial director of Nacanco, Ramon Santamaria stated that it was part of the company’s strategy to increase the level of services offered to final users, both in terms of the variety of equipment offered and the firm’s presence in the industry.”
Much like within the architecture sector, contractors within the building engineering services sector maintain a positive outlook, with turnovers reported to have increased over 6 months up to last December (reported by BESA). The growth showcases the present state of the sector and its capacity to grow amidst unreliable economic climate; however, as always, there is more to it than that. Over the period, it has been reported that the frequency of enquiries and order books had in fact slowed down as compared to the previous 6 months, with tender prices, yes, rising over the period, but at a slower rate than previously. Combined with a reported rise in material and labour costs, the figures do call into question how the industry will fare in the coming years, however the present state of the sector remains wholly positive. As has been the case for some time within the construction industry, late payments remain a major challenge for businesses, though the situation is reported to have improved marginally. Late payments, in effect, making budgeting and cashflow a severe concern for contractors, remains one of the key factors impeding the growth of businesses, combined with the widely reported labour shortages in comparison to the demand for skilled labour – such as building and quantity surveyors, planners and design engineers. Though the figures do highlight a slowing down of growth across the market, the two aforementioned challenges may indeed be amongst the most prominent factors holding the industry back from achieving further growth and, as such, businesses are increasingly urged to assist in the labour shortages through apprenticeship schemes, training and improving awareness of the opportunities actually available in the industry. After all, it is the next generation of engineers which will define the future of the industry itself. In contrast, the upcoming deadline for businesses to take up Level 2 BIM across any and all public sector works does not appear have drastically impacted the industry as feared, with only a minor reduction in BESA members undertaking such projects (31%, down from 33%). But, of course, in building for the industry of tomorrow, the power is in the hands of businesses to act now in a bid to overcome some of the modern industry challenges, with movements towards addressing the lack of skilled labour being amongst the more important. Jim Marner, President of BESA commented: “The issues of skills shortages, labour costs, and the movement of resources, modern methods of design, project risk, procurement and quality control will all become even more significant in the coming months.” As such, contractors are urged to step up and make a difference.
Turner & Townsend, one of the UK’s leading professional providers of programme management, project management and cost management has successfully managed to confirm a financial package worth some £80m from three of the UK’s leading banks, namely: Royal Bank of Scotland, HSBC and Lloyds Commercial Bank. The announcement sits alongside the £380m turnover company’s recent conversion into a limited liability partnership. As a company with a keen focus on investment back into the company, sources as Turner & Townsend highlight the importance played by such investment in the company’s ability to steadily grow its turnover over the last five years. As Vincent Clancy, Chief Executive of Turner and Townsend (pictured) noted that the recent developments will allow the company to: “Invest in our capability and to continue to transform our business to deliver better results for our clients.” The package, which Turner & Townsend has secured on a five year revolving credit, is aimed to facilitate the future growth of the organisations and will provide much-needed working capital. Key areas of investment for the organisation will involve the expansion of the company’s reach, geographically, and also in terms of services and its overarching capacity to deliver on them. The plans come at a time when the construction industry, in its present state, is considered to be performing well and will allow for Turner & Townsend to maximise on the opportunities presently available in the market. With keen backing from all three of the major banks, both confidence in Turner & Townsend, as well as the confidence it exudes, is considerable, with great anticipation for the future direction of the company.
From the finish of 2014 through to the start of this year, it has been reported that the Recolight WEEE compliance scheme has had a substantial net growth of some twenty three producers which have been added to its member base; this signals an increase which far overshadows that of any additional like-scheme within the UK. And if that wasn’t enough, the figures also highlight the scheme’s largest growth figured since its establishment back in 2007. Operating in a manner far apart from that of other WEEE schemes, Recolight offers its member’s customers free-of-charge services for recycling, as opposed to buying lamp recycling evidence in a bid to demonstrate their dedication. What that means is that, with Recolight, the service offered is one which, yes, maintains the benefits of most other WEEE schemes, but also provides additional ones which can drip down to the end customer as an extra added benefit. One of the other key ways which seems to have contributed to the popularity of this particular WEEE scheme is the way in which Recolight handles its fees. The mechanism, which is on a static “per item” sold basis, allows for the membership to effectively plan and budget for the future, with the entire year in mind. Though this may seem like a small matter, due to the present, unreliable nature of the economy, caution is the word with many UK businesses and, through effective budgeting and planning, success can be all but assured. Year on year, the Recolight producer membership has been stated to have grown by approximately 16% and, given these recent figures, the expectation is that the organisation will continue to expand upon that membership and take an increasingly central stage as a leading WEEE scheme.
