Story Contracting new chief plans 30% revenue rise

Aaron Morby 7 years ago
Share

Story Contracting new chief executive Jason Butterworth has set out plans to expand the North of England construction group after joining the business from Balfour at the end of last year.

Jason Butterworth aims to lift group's turnover passed £120m mark this year
Jason Butterworth aims to lift group's turnover passed £120m mark this year

The former Balfour Beatty engineering services Midlands and Northern director plans to recruit over 100 extra staff in the next 12 months as the group expands its four operations covering plant hire, construction, rail and house building by 30% this year.

Profits have grown by 73% in the last three years and Butterworth aims to raise turnover to more than £120m for 2016/2017

In November, Butterworth replaced Fred Story, the founder and owner of Story Contracting who now has taken the role of chairman.

Butterworth brings over 15 years’ experience in the rail industry having also worked in the past for Carillion, WSP, McNicholas and N G Bailey.

He said: “The business is at an exciting stage of its development and due to celebrate 30th years in business this year. I am looking forward to working closely with Fred to make our shared ambitions for the business become a reality.”

The contracting business extended its Carlisle headquarters at the end of 2016 to accommodate the recruitment of 100 new people during the course of the next twelve months.

Story Contracting, which employs over 500 staff, is also planning on merging its two offices in Scotland’s Central Belt to provide a combined depot and office base for its rail and plant teams.

Fred Story, chairman said: “I am delighted to have found someone of Jason’s background to work with us to lead us through our next period of growth.

“The appointment marks another important step in our continued evolution at Story Contracting.  I am excited about what the future looks like at Story Contracting and working closely with Jason on the next stage of the company’s development.”

Latest news

Osborne staff start looking for new jobs

"Open to Work" flags appear on LinkedIn profiles
8 hours ago

Plan rejected for 42-storey tower above historic building

Councillor describes as ludicrous plan to build 300 flats above Georgian mansion
9 hours ago

Ventilation deal could hike product prices for contractors

Watchdogs at CMA launch probe after duct firm acquires rival
9 hours ago

Tide gets go-ahead for London 412 student flats scheme

Volumetric developer secures planning for West Ealing project
9 hours ago

Green light for £75m Friar Gate Goods Yard in Derby

Construction set to start this summer on revamp of historic buildings
9 hours ago

Robertson to deliver £45m Newcastle NHS Trust works

Capital works will be focused on Freeman Hospital and the Royal Victoria Infirmary sites
8 hours ago

Winners named for £2bn Healthy Homes framework

CHIC reveals line-up of over 40 firms for net zero and building safety works
9 hours ago

Plan lodged for tallest skyscraper outside London

Developer Salboy submits plan for 76-storey Manchester resi tower
1 day ago

Curo starts £170m race for new homes framework

Bath housing association plans to build up to 300 homes a year
1 day ago

Gove approves major Cambridge North mixed-use scheme

Government backs controversial scheme of 424 flats and 600,000 sq ft of tech and lab space
1 day ago

Pontins holiday park to house Sizewell C builders

Suffolk holiday park to house 500 nuclear construction workers
1 day ago

Adrian Bloor targets 1,000 homes-a-year

Expansion plans after major investment into challenger house building business HarperCrewe
1 day ago

Housing firm fined £528,000 after cable strike

Maintenance workers given no information on underground services
1 day ago

Berkeley subbies face six weeks without payments

Introduction of new finance software means payment hiatus for suppliers
2 days ago

Pagabo reveals 56 winners of latest £1.6bn retrofit deal

Decarbonisation Solutions Framework launched: Full list of winners
2 days ago

Go-ahead for £100m Liverpool Love Lane flats

500-flat scheme will be built across four blocks in Vauxhall area of city
2 days ago

Unions win HS2 site access battle at Old Oak Common job

Skanska, Costain, Strabag JV now the last denying unions access to HS2 sites
2 days ago

Contractors jack 1,100t viaduct into place in 13-hour operation

158m-long composite deck structure jacked into place 10-hours ahead of schedule
2 days ago

Wates wins former Daily Mail printworks transformation

British Land advances major cultural venue at London’s Canada Water
3 days ago

Mace poaches Ramboll chief to be Head of Engineering

Martin Feakes will develop civil and structural engineering offer at Mace
3 days ago

Subcontractors form alliance for major civils jobs

Trio of specialists join forces to collaborate and offer Tier 1 contractors a turnkey solution
3 days ago

Fear of supply chain failures boosting collaboration

Procurement survey also reveals project bank account use is rising
3 days ago

Wates sets up business to target 160,000 mouldy social homes

Healthy Homes service will be offered to social landlords across England
3 days ago

Higgins wins £75m Peabody Passive House job

Latest phase of Deptford Landings to start construction
3 days ago

Contractors and unions agree Sizewell C working deal

New deal offers improved sick pay and parental leave over Hinkley Point deal
4 days ago

Competition chiefs win legal fight for more construction raids

High Court rules CMA officials can raid a domestic property as part of investigation
4 days ago

More Osborne companies file administration notices

Three more divisions lodge notices with court
4 days ago

McLaren wins multi-storey urban logistics contract

South London win with British Land is pioneering urban logistics hub
4 days ago

Big social housing schemes at risk over funding uncertainty

Housing associations warn uncertainty over public funding beyond 2026 is curbing new schemes
4 days ago

Kier wins Worcestershire town centre renewal

Firm secures Bromsgrove commercial and cultural hub project
4 days ago

Contractor services