Esh Construction announces record order intake despite Brexit slowdown
The company also confirmed a zero net debt position for the first time in three years as it exceeded targets for 2019.
Esh Group Chief Executive, Andy Radcliffe, said: “We are really pleased with how the team is executing against our strategic objectives. We are progressing well with the transformation of our Group and are now ready to leverage the huge potential from this record order book.”
The business started 2020 with a forward order book exceeding a quarter of a billion pounds, up 50 per cent compared to the same period last year, fuelled by an increase in the size and quality of contracts secured.
Multi-million-pound contracts have been secured for delivery during 2020 and beyond, across a range of target sectors including infrastructure, flood prevention, commercial build, private and affordable housing, care and education.
Its commercial build division is currently delivering schemes which include the redevelopment of the Grade II listed, former Ida Hospital site in Cookridge, Leeds for Housing and Care 21, a 60 unit extra care facility in Grimsby for Morgan Ashley Care, and a 70 unit extra care facility in Lincoln with further developments in the pipeline. The development of the Ironworks site on Leeds’ South Bank reflects Esh’s appetite for flagship city centre schemes.
Esh Construction’s civil engineering presence in the region continues to grow, with a number of flood alleviation schemes being delivered in Bridlington, Cottingham, Whitby, and Hessle, while Esh’s private development portfolio includes a £5.7m infrastructure package for Henry Boot Developments in Wyvern Park, Skipton.
The firm’s affordable housing division is currently delivering two projects for Yorkshire Housing in Leeds with a combined value of £10m. Land north of Bodmin Road is being transformed into 32 affordable units in a deal worth £3.7m, comprising of a mix of two-bedroom flats and three-bedroom homes. Their £7.4m scheme at Barnsdale Road involves the construction of 55 properties which will be used for shared ownership, sub-market rent, and social rent.
Esh Construction is dedicated to growing its Yorkshire-based workforce and forging a local supply chain, with several ‘Meet the Buyer’ events planned for 2020.
Esh is one of only two contractors nationally, and the only business based in the North to have been recognised by Her Majesty the Queen for its outstanding commitment to Social Responsibility, having been awarded the Queen’s Award for Enterprise: Promoting Opportunity and Social Mobility.
Through its ‘Constructing Local’ Strategy, Esh engages with over 4,000 students in Yorkshire schools each year, delivers apprenticeships and work experience, grant funds community projects, employs and procures local.
Mr Radcliffe added: “We enter 2020 in great shape. Our position is testament to the hard work of our delivery teams and a simplified, more focused business plan — focusing on key sectors and geographies, astute bidding, enhancing communities through our Social Value work and developing our local supply chain.”
“We look forward to delivering quality projects for customers with whom we enjoy positive, mutually beneficial relationships.”
For more information visit www.eshgroup.co.uk