Turnover and profits up at UK’s largest demolition company.
Group Chief Executive and Owner, Brendan Kerr, said: “Despite the prolonged, weak economic climate we are currently operating in, Keltbray is experiencing significant growth, and has started to reap the benefits of an assertive diversification strategy and extended geographical reach. From being a demolition and civils focused business in the South East; Keltbray is emerging into a turnkey specialist business, which provides integrated services to meet the needs of diverse and complex contracts in the areas of demolition and civil engineering, rail and environmental materials management nationwide.”
Keltbray’s Demolition and Civils operations, which include demolition, specialist civil engineering and groundworks, piling, asbestos handling, haulage and plant hire, increased its turnover by 20 per cent during 2011. This is a significant achievement in an increasingly competitive market, where margins are tight. Key to this development is the company’s joint venture, the Doosan Keltbray Consortium, which has been awarded several deplanting and asbestos removal contracts at Bradwell Power Station, as part of the five-year demolition framework contract set up by Magnox, which operates 10 nuclear sites throughout the country.
Despite the uncertain economic outlook, Finance Director, John Keehan, is optimistic about the year ahead: “We are in a great position to further bolster growth in the rail, nuclear and environmental sectors, which are amongst the few construction market segments that look strong in the short to medium term. We will also continue our strategy of building on our core strengths in demolition and civil engineering.”
