Member Article

Esh Group reports pretax profit increase of £2.6 million after successful year

North East construction and property firm Esh Group has reported an increase in turnover of 10% to £192.5 million for the year ending December 2013.

The company, which now employs 1,000 staff, has reported pretax profit of £3.2 million, increasing from £600k in the previous year. Cash reserves held at the year-end were £27.6 million.

Headquartered in Durham, Esh Group now has extensive operations throughout the north of England and southern Scotland.

The North East region operates from Cramlington in Northumberland and Newton Aycliffe and Bowburn in County Durham.

Yorkshire and Humberside operations are managed from offices at Thorpe Park near Leeds and, following the acquisition of Border Construction in early 2014 (now rebranded Esh Border Construction)

The firm also has offices in Carlisle and Kendal in Cumbria and Earlston in Scotland.

Earlier this month, the group’s property services division expanded in Yorkshire after securing deal on £70 million development.

Brian Manning, chief executive of Esh Group, said: “This time last year we reported Esh Group to be in really good shape and we have continued to show this is the case. Our diverse product range delivers quality through brands which are well-recognised across the North East such as Lumsden & Carroll, Esh Property Services, Esh Build and Deerness Fencing & Landscaping all of which have and continue to serve us well.

“Our aim is now to replicate the breadth and quality of these services across the greater North and Scotland from our existing bases in Yorkshire and Cumbria and those newly acquired through the addition of Esh Border Construction to the Group.

“We have now been working beyond the North East for seven years and this year we have strengthened our presence in other regions by investing in regional structures to ensure our delivery is consistent. This is a significant undertaking which has of course presented new challenges – all of which are well within our capabilities.

“As part of our investment in regional structures we will be carrying out a comprehensive review prior to updating our IT systems in order that we are well-equipped to deliver the next phase of our growth.”

This was posted in Bdaily's Members' News section by Ellen Forster .