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Sat December 07 2019

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HE Simm profits rise 50%

18 Nov Liverpool-based building services contractor HE Simm & Son has reported strong growth in turnover and profit.

Managing director Gareth Simm
Managing director Gareth Simm

For the year ended 31st July 2019 HE Simm increased revenue by 33% to £99.7m (2018: £75.2m) and operating profit by approximately 50% to £2.5m (2018: £1.6m)

The business, founded in Liverpool by Ernie Simm in 1948, has grown significantly in recent years – 2013 turnover was just £21m.

With bases today in Liverpool, Manchester and London and site operations across the UK, HE Simm delivers mechanical, electrical and plumbing installations for sectors including residential & student accommodation, education, commercial, hotels, leisure, health and industrial.

Projects delivered during the 2018/19 financial year included Media City Tower Two and Clippers Quay in the northwest, as well as handing over sectional completion on its largest ever job at Canada Gardens, Wembley, London.

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New projects include Embankment West in Manchester and Miles Street, Vauxhall, London. The company’s forward order book stands at £115m and it has no debt or funding commitments.

Managing director Gareth Simm said: “I am very proud of this set of results. We have come a long way since my Grandad invested £200 in setting up the company in the 1940s and I’m sure he would be proud of what we have achieved of late.

“He fostered his business on a philosophy to ‘build trusted relationships’, which is exactly the philosophy we live by today. That’s why our project handover score stands at 8.9 out of ten, 90% of our work is repeat business and 100% of our customers say they would work with us again. This is testament to our employees, so I would like to take this opportunity to say thank you to them for their hard work and dedication.”

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