Esh shareholders, many of whom are employees, met for their annual meeting last night and heard that the company had grown its turnover by 10% during 2013 to £192.5m with profit before tax of £3.2m, up from £600,000 in 2012.
Headquartered in Durham, Esh Group has operations based in Newton Aycliffe and Bowburn in County Durham, in Cramlington (Northumberland) and in Leeds.
Since its acquisition of Border Construction in early 2014 (now rebranded Esh Border Construction) it also has offices in Carlisle and Kendal in Cumbria and over the Scottish border in Earlston.
Chief executive Brian Manning told the meeting: “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 northeast 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 northeast 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.”
In total, Esh has 1,100 direct employees and offers multi-disciplinary construction activities including civil engineering, commercial/public build, house building, facilities management, fencing & landscaping, plumbing, plant hire, specialist brownfield remediation and training services.
Shareholders heard how business in Yorkshire and Humberside is progressing well with turnover for the region approaching £60m.
Although consolidation following the Border acquisition is in its early stages, turnover from the combined operations in 2014 is expected to be around £50m.