Britcon to achieve 40% growth in trade following business boost

After recording strong growth for its 2016 half year trading, Britcon anticipates a 40% year-end growth on the last 2 years’ average to over £40m.

The North Lincolnshire and Yorkshire-based building, civil engineering and structural steelwork firm, which recorded a lower than expected £27m turnover for 2015 due to slower pipeline conversion, said that the improved trading in 2016 would allow significant investment in its people and IT systems.

Key contracts secured in the last six month includes a £13.5m contract to deliver a new anaerobic digestion (AD) plant in Dagenham for food waste recycler ReFood (UK) Ltd, a series of new developments, extensions and refurbishment projects valued over £10m for Lidl, and contracts worth £3.5m for global chemicals business Kemira.

Over the last twelve months, Bricon has employed 20 new people across all areas of the business.

Paul Clarkson, Britcon managing director, said: “From late 2015 we saw a surge in opportunity across all key sectors, including energy and renewables, retail, industrial and commercial.

“Although some projects were delayed, a healthy forward order book has allowed us to invest in the team and resources over the last 12 months to facilitate our expected trading in 2016 and beyond.”

Britcon is a part of the Hunt Group of Companies which specialises in the property sector.

Shaun Hunt, Group CEO, commented: “Britcon has an excellent team that continues to make good progress as we emerge from difficult times across the industry.

“In particular I am very pleased with Britcon’s involvement in recent group development projects including a 21,000 sq ft industrial and retail scheme at Allerton Bywater and the conversion of the listed Hirst Priory to become a wedding and events venue.

“Britcon is also appointed to deliver 25,000 sq ft of industrial space at the hugely successful Markham Vale business location in Derbyshire.”

Britcon directly employs 90 people on its project sites across the UK.

Britcon’s Steelwork division, Britcon Engineering Services, has also seen a major boost accounting for over £5.5m of the £40m total.

This 30% growth is attributed to a continued increase in projects in the private commercial and industrial sectors, underpinned by continued strong performance in the rail industry and in particular Network Rail as it pursues its £25bn Railway Upgrade Plan.

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