Member Article

Silverstone Building Consultancy shares secrets to success

A niche firm of North East building surveyors are celebrating a significant milestone. Silverstone Building Consultancy has recently completed their third profitable year of trading and exceeded its forecast turnover for the third consecutive year.

The firm’s success has facilitated their recent move into a newly refurbished four storey office building on Grey Street, where they now employ five full time members of staff. The firm was set up three years ago by founding Directors, Ben Hunter and Richard Farrey, who say the company’s secrets to success are a combination of the personal and experienced level of service they can offer as an independent firm, combined with the positive spin-offs of the North East’s automotive and offshore sectors.

Ben Hunter commented: ‘Over the past three years the business has benefited from ongoing demand for our core services and repeat business in areas such as building surveys, dilapidations consultancy, expert witness and due diligence services. However, the key catalyst for growth has been some major instructions from both the automotive and offshore sectors where we have worked for clients including Nifco, Tallent Automotive and Global Marine Systems’.

It is widely acknowledged that the automotive supply chain has had a significant and positive impact on the North East commercial property market despite the economic downturn. The North East is also a key service provider to the offshore sector, which is undergoing significant growth and as a result is having positive repercussions on property take up in and around the region’s commercial ports. Silverstone are one of many local businesses to benefit from the ongoing positive effect these two growing industries are having on the region.

Richard Farrey commented: ‘We have seen an increase in demand for businesses extending and improving their existing industrial facilities in order to accommodate increased workloads, as well as a number of firms building new bespoke state-of-the-art factories to meet their growing businesses needs. This has in turn resulted in some valuable project management work for our firm, proving key to our success over the last few years.’

Silverstone have further reason to celebrate as they are set to start their fourth year in a strong position having already managed to secure 60% of their projected income at the start of 2013, thanks to significant profits.

Ben commented: ‘We are delighted to have already secured a significant portion of our projected income for next year. This provides us with confidence that we are working towards yet another successful year where we hope to continue to expand. We have recently signed a 10 year lease on our new office building, which demonstrates our ongoing commitment to our staff, clients and the region.’

This was posted in Bdaily's Members' News section by Rebecca Taylor PR .