Yorkshire construction firm reveals restructuring plans ahead of £20m of new projects
A Yorkshire construction firm has announced that it is streamlining its business as it plans for new projects worth more than £20m.
Houlton, which is a family firm based in East Yorkshire, is consolidating its construction division into its building and maintenance division after more than 140 years of trading.
The company said that the plans are expected to result in a loss of up to nine jobs but will improve profitability for the wider firm.
It said that the plans have been prompted by changes in the sector caused by the impact of Brexit and the Covid-19 pandemic.
Richard Houlton, life president of the company, commented: “Job losses are regrettable, but we have kept them to a minimum and we are confident that these steps will help us improve the profitability and continued longevity of the business moving forward.
“We are busy and expect to be busier, with exciting new projects and repeat business from long standing clients. By merging two divisions into one and cutting back on some of the overheads we will create a more streamlined company that looks towards the future.”
“This restructuring will allow us to run a more agile organisation that can adapt and react to our clients’ needs in an ever-changing marketplace.
“These changes will continue to deliver the high quality of work our reputation demands, on time and at a level that is commercially sustainable.
“As well as the 130 people directly employed by the business, we provide work for many sub-contractors, most of them based within 30 miles of our office.
“We also hope to increase the opportunities for apprentices and continue our support for communities and organisations throughout the city, and surrounding areas.”
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