The Company is again on course to record increased turnover for 2009/2010 at the end of June at £219 million, up from £209 million in 2009, £184 million in 2008 and £158 million in 2007.
The restructure sees the Company’s Bristol based Major Contracts team merged with the General Contracts team, also based in Bristol. The merger creates ISG Pearce Western Regional Construction which will be responsible for delivering industrial, education, leisure, commercial, residential and health sector projects up to an individual value of £30 million.
This new team will be headed by Rob Benson, who moves to the new role of Regional Director. The Company’s Exeter office, which opened in October 2009, will also become part of the Western Regional Construction team, under the leadership of Regional Manager Paul Hogan.
Mirroring ISG Pearce Western Regional Construction will be ISG Pearce South Wales Regional Construction. ISG Pearce has announced plans to open a new regional office with a dedicated team in South Wales from June. ISG Pearce South Wales Regional Construction will be led by new Regional Director, Jon James, formerly of Vinci.
ISG Pearce’s two market leading national retail teams, who currently undertake refurbishment, new build and extension works across the country for clients including the four top UK supermarkets and three blue-chip department stores, will be joined by a third national retail team, working predominantly with non-food retail clients. The new team will be headed by Mike Thomas as National Team 3 Account Director who steps up from his present role as Operations Manager.
The new structure will be further supported by the Company’s additional specialist teams who work specifically with affordable housing and defence clients. Steve Cains will become Director for Affordable Housing after successfully building up ISG Pearce’s Affordable Housing business from a standing start to its current £25 million turnover and Ian Farrell will lead the Defence Team as Executive Manager with a remit to grow this specialist division.
Demand for services from ISG Pearce, now one of the largest construction providers in the South West and South Wales, has remained strong throughout 2009 and into 2010 and the Company has enjoyed year on year growth.
Current projects include an £8.9 million redevelopment of Bristol’s Cossham hospital, a £15 million extension to Marks & Spencer in Torbay, a £4 million extension to Marks & Spencer in Bath, an £11 million extension for Sainsbury’s in Alphington Road Exeter, a £7.6 million extension to Hayesfield Girls’ School in Bath, a £7 million extension for ASDA in Longwell Green Bristol, a £5 million extension for National Star College near Cheltenham, a £10 million new build store for ASDA at Gorseinon, Swansea and five projects within the Cardiff City Council framework.
Andy Taylor, Business Development Director for ISG Pearce, commented, “The restructure is a necessary proactive response in a changing market place. We wanted to look afresh at how we can provide services most efficiently and effectively at a regional level to ensure we remain at the forefront of the market.
“We believe we can best meet this challenge by enhancing our experienced specialist teams and by having a clearly defined regional business operating from a network of offices across the South West and South Wales.
“Whilst putting growth plans into place is unusual in this climate, especially for a construction company, we are ensuring that we are best placed to serve the needs of our diverse range of clients and demonstrating our firm commitment to maintaining and expanding our operations in Bristol, the South West and South Wales.”
Andy continues, “What we have now are clearly defined teams working closely with regional and national clients who are able to discuss and identify their specific construction needs and deliver the appropriate solutions. We believe this approach will give us a firm foundation to take our business to the next level.”