Forget the recession: Construction trio record big profits
Isn’t there supposed to be a recession on? Isn’t the construction industry set to be in some sort of economic meltdown? Apparently not, as three giants of the construction world have just announced big profits.
Construction firms Belway, Kier and John Sisk have all announced big profits over the last few months, which can only be good for the industry, in terms of creating jobs and helping the UK dig itself out of the financial mess it found itself in.
Bellway Homes have announced they have profits of £24 million and are looking to expand their projects by around 5% this year. The housebuilder is planning to build 2,000 new homes between now and the summer and have planning permission for over 18,000 homes around the UK.
Bellway’s surge in the amount of new homes they can build is promising for contractors around the UK, as the more homes built, means more jobs for plumbing, electrical and gas contractors.
Kier today announced that they have won £95 million of new construction contracts in the last month, and are set for new projects in Northamptonshire, Gosport and the East Midlands.
And to top it all off, contractors John Sisk & Son have increased their turnover by 73% for 2010, they revealed today.
Just goes to show that it’s not all doom and gloom in construction. Some firms are struggling, but new jobs are being created all the time as some companies flourish in the difficult economic times.
Posted on March 31, 2011, in construction jobs, construction news, electrician jobs, plumbing jobs, train4tradeskills and tagged Bellway, Belway Homes, construction, construction economy, construction jobs, East Midlands, John Sisk & Son, Kier, recession, t4ts, train4tradeskills, Twitter. Bookmark the permalink. Leave a comment.