Esh Group, one of North East’s leading construction firms, announces a record £1.6bn order book.
This achievement not only reflects the firm’s robust market strategies but also its readiness to meet rising industry demands.
North East’s Esh Group is projecting optimism with a robust £1.6bn order book. This significant pipeline is attributed to increased demand across its diverse divisions including civil engineering and affordable housing.
The company has strategically positioned itself to engage with low-risk sectors. Esh Group’s tactical focus has secured extensive projects with local authorities and environmental firms, ensuring long-term growth sustainability.
A pivotal aspect of Esh Group’s strategy is their engagement with Northumbrian Water’s upcoming asset management programme. This partnership contributes significantly to the company’s forecasted growth.
The enterprise has also expanded its capabilities in large contracts, exemplified by projects like the Tyne Bridge refurbishment and Stockton Waterfront Urban Park.
Esh Group’s involvement in the social housing sector further cements its market presence with projects such as the Seaham Garden Village, promising to amplify its portfolio significantly.
Recent financial results for 2023 display exemplary performance with pre-tax profits increasing by over 50%, reaching £3.1m.
Liquidity has improved to £23m, underscoring a strong financial base with no debts drawn against their £6m credit facility.
The firm’s concentration on enhancements in contracting and development performance has been crucial to the upswing in profitability.
Recruitment is active, focusing on acquiring the right skills to sustain growth, reflecting the firm’s strategic emphasis on stabilised advancement rather than abrupt expansion.
Esh Group’s leadership believes in a balanced approach, prioritising sectors resilient to economic fluctuations such as utilities and affordable housing.
Their decarbonisation initiatives further align with national agendas and underscore their forward-thinking ethos.
Steady growth is paramount, with the firm avoiding erratic business cycles to maintain consistent development across divisions.
Overall, the company’s alignment with market demands and future trends showcases its adaptability and robust sectoral integration.
Despite a volatile economic landscape, Esh Group remains optimistic about the future with a solid strategic plan.
This optimism is rooted in their diversified order book and sustainable business model, prepared to weather industry ebbs and flows.
Esh Group’s strategic initiatives and robust financial health position it for a promising future.
Their focus on sustainable growth ensures resilience against economic uncertainties, setting a benchmark in the construction sector.
