Northampton firm increases turnover by £23 million after management buyout

A Northampton firm that employs nearly 800 people across the UK has reported a £23 million increase in turnover this year.

Thursday, 15th December 2016, 10:44 am
Updated Thursday, 15th December 2016, 2:00 pm
Mike Stanton, group chairman of Briggs and Forrester

Chairman of the Briggs and Forrester Group which is based in the town, Mike Stanton, said 2016 had been a successful year, with turnover rising to £183 million.

“Secured orders are at a healthy level and are supported by a good pipeline of potential opportunities going forward. During the current year we have secured our largest ever project, Principal Place with Multiplex, with a value in excess of £40m," Mr Stanton said

“2017 will see the Group celebrate its 70th birthday and our continued development and growth could not have been achieved without our dedicated, highly skilled personnel, and the highly valued support of our clients and supply chain," he added.

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Following a management buyout in June, the management teams extended their ownership of the group to 60 percent.

“The Management Buyout is in line with the Group’s strategy of remaining an owner-managed business and the creation of an Employee Benefit Trust provides the opportunity for more staff to become shareholders in the future," he added.

The Briggs and Forrester Group continues to support numerous charities and has recently started to work with youth charity, The Prince’s Trust, to enable more opportunities for young people to develop their careers and confidence through involvement in the construction industry.

“The support and time that our employees give towards fundraising activity are always inspiring, but this year the way that friends and colleagues across the group, our clients and supply chain came together to support the family of one of our colleagues diagnosed with terminal cancer, was quite simply amazing," he added.

“As we look towards 2017, we will continue to focus on keeping the business financially strong and sustainable, and client satisfaction, repeat business and long term relationships will remain at the core of our philosophy and strategy”.