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Tue April 13 2021

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Border acquisition helps Esh grow 43%

16 Jul 15 Durham-based contractor Esh Group has reported a 43% rise in turnover for 2014 on the back of its acquisition of Border Construction at the start of the year.

Pre-tax profit for 2014 reached £9.5m against £3.2m in 2013. Turnover was £277m.

The figures were presented to the annual shareholder meeting, held this week at Durham County Cricket Club .

The acquisition of Border Construction, now rebranded Esh Border Construction, directly contributed £20m of the increase in turnover.

Group chief executive Brian Manning said: “The significant geographical reach of our diverse range of construction and property businesses, supported by a strong financial base built up by shareholders over a number of years, has been key to Esh Group’s growth.”

Shareholders were updated on investment plans for further development at group headquarters at Bowburn near Durham, the development of an operational base in Yorkshire and plans to take forward a large development in Sunderland.

Chairman Austin Donohoe stepped down from the board at the end of 2014. He had joined Esh Group as non-executive director in 2001 and had been non-executive chairman since 2004. Michael Hogan, a founder of the business, took over as chairman at the start of 2015.

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