2017 in review
2017 in review
By Andy Robinson, Colmore Tang Group CEO
What a year it’s been for Colmore Tang Construction (CTC). Only four years after we launched the business in 2013, we’ve just hit 1,450,000 square feet of projects delivered.
Now with a core team of 75, we’ve completed 1,500 residential units, Europe’s first Park Regis hotel, two large distribution sheds in Northampton, and our spectacular new headquarters at Fiveways in Birmingham.
On track to turnover circa £80 million for 2017/18, we have a further 3,500 residential units in the pipeline, as well as new housebuilding and interiors divisions in the mix.
It’s an exhilarating time to be a part of the business.
2017 has been a turbulent year for the industry on a whole. Brexit, currency fluctuations and the ongoing skills shortage have made it harder than ever to find talented people and maximise margins, however we’ve made provisions, incentivised, and delivered the best possible product for clients.
This year, in numbers, we’ve completed 592 new residential units, finished our first 100,000 square feet of distribution sheds on Pineham Park in Northampton, started on eight new sites, had 36 new recruits join our team, and moved into our 14,000 square feet new headquarters.
I’d love to give you a number for how many cups of tea have been drank, high-vis jackets have been ordered, and miles of skirting board we’ve got through, but no one has worked those out.
That’s not all, we’ve also received a world-class International Safety Award from the British Safety Council for Ridley House, won Construction Enquirer’s ‘Best Contractor to Work With’ award as voted for by our supply chain, handed over two major Birmingham City Centre schemes (Ridley House and Fabrick Square), announced our group structure and two new subdivisions, and convinced the world we were magicians with our ridiculous April Fools gag.
Next year will be even more exciting. Early in January our new fit out and interiors business will officially launch, bringing us new markets in which we can use our skillset to deliver high-quality fit-out and refurbishment work. We’ll also be launching our housebuilding arm, supporting SevenHomes in the delivery of its first 500 properties.
We’ll also be looking at ways we can further our use of technology in the business to help build more advanced buildings and attract young people into the sector. We know that the skills shortage will be a big challenge into 2018 and engaging young people early on, changing the perception of the industry, will be critical to our continued success.
I would like to thank all our hard-working and committed people, without you we couldn’t achieve anything. So thank you and here’s to another successful, profitable and event-filled 2018.