Creagh Concrete targets £200m turnover

Grant Prior 4 years ago
Share

Creagh Concrete is expecting turnover to grow to £200m over the next few years following a string of contract wins.

Patrick McKeague, director, Seamus McKeague, CEO, and Gerard McKeague, director of Creagh Concrete
Patrick McKeague, director, Seamus McKeague, CEO, and Gerard McKeague, director of Creagh Concrete

The concrete products producer said turnover will rise to £110m for the year to March 31 2020 as staffing levels increase to 1,000 direct employees.

Creagh Concrete’s Chief Executive, Seamus McKeague, said: “We believe that Creagh is leading the market with innovation in concrete, providing new solutions across the construction industry.

“Our turnover to 31 March 2020 will be £110m and, based on the pipeline of contracts secured, we expect turnover to grow to £200m in the next few years.

“We hope to increase direct employment to 1,000 in the next year, growth which will support a lot of additional employment in our local community.”

The Toomebridge, Northern Ireland  based company has invested £1m in new offices at its headquarters to accommodate the company’s growing workforce.

Creagh operates from five sites across GB and Northern Ireland and is privately owned by the McKeague family.

Seamus McKeague, said: “In recent years Creagh has moved from being just a concrete and materials supplier to a specialist subcontractor, which has opened up new opportunities.

“Today, some 85% of our turnover comes from Great Britain and we are also seeing new opportunities unfolding in the Republic of Ireland.”

Creagh Concrete’s latest construction projects include Circle Square, a six-storey hotel on top of a 9-storey car park in Manchester and St. Martin’s Place, a 17-storey premium residential development in Birmingham and an 11-storey retail building with multi storey car park in Woking.

Other contracts won recently include a 7storey apartment block in Chatham Waters, Kent, a 17-storey five-star hotel in Portland Street, Manchester and a 14-storey apartment block in Sutton Court, Surrey.

McKeague added: “Today, we have active jobs from the north of Scotland to Southampton and we are able to service those jobs because we have invested in manufacturing bases in England, Scotland and Northern Ireland.”

 

Latest news

Stonehenge tunnel hit by another legal delay

Court upholds latest appeal against £1.7bn scheme by campaigners
22 mins ago

Plans go in for huge Olympic Park construction hub

Bow Goods Yard could deliver 3.5m tonnes of materials a year to sites across London
4 hours ago

Surgo Construction went down owing £4.5m

Biggest creditor is Bellway Homes after dispute on housing job
7 hours ago

Plan for £100m Liverpool Baltic station

Construction work could begin next year
8 hours ago

Vistry seals £157m West London housing deal

Around 575 homes to be built at Merrick Place scheme in Ealing
6 hours ago

Streamlined Watkin Jones returns to profit in first half

Multi-room specialist sees secured work pipeline hit £1.4bn
6 hours ago

Bellway hires ex-brickie as group construction chief

James Griffin to oversee move to the Future Homes Standard and timber frame.
7 hours ago

Persimmon under fire for delays to £10m relief road

West Suffolk Council serves Breach of Condition Notices after timetable slips again
7 hours ago

BAM wins £33m Kent secondary school job

Replacement Swanley academy to be built at live school site
7 hours ago

Aluminium cladding specialist collapses

Melton Mowbray-based firm worked for several main contractors
1 day ago

Brickwork contractor Lee Marley returns to profit

Affordable and rental homes demand lifts brickwork contractor
1 day ago

Housing contractor Durkan suffers second year of losses

More fire safety provisions tip firm into £3.9m loss
1 day ago

Farrans makes breakthrough on tricky tunnel job

Tunnel under Tees latest part of new £155m water pipeline job
1 day ago

Heidelberg buys aggregates and earthworks specialist B&A

Latest deal follows acquisition of Mick George
1 day ago

Flagship biodiversity net gain scheme flawed

NAO warns Government's flagship green development scheme at risk of failure
4 days ago

Plan in for £3bn Lincolnshire mega data centre

3.3m sq ft Humber Tech Park will be one of Europe's largest data centres
4 days ago

Green light for Digbeth 1,300 homes scheme

Warner’s Fields scheme to start with excavation and landscaping of the River Rea
4 days ago

£210m M3 Junction 9 upgrade gains consent

VolkerFitzpatrick to start work in early 2025 on Winnall roundabout, near Winchester
4 days ago

United Living wins 14-year L&Q homes repairs deal

Trafford housing upkeep deal worth £205m
4 days ago

£400m Lewisham resi-led scheme advances

Land deal paves way for Amro Partners' 1,000-home London scheme
4 days ago

McLaren gets go-ahead for Grade II listed Leeds student scheme

Springfield House to be revamped and two new wings added
4 days ago

Piling giant to fit people alarms on all rigs

Cementation Skanska upgrades site safety systems
4 days ago

Vistry to make £800m profit after subcontractor cost cuts

House builder bullish about shareholder returns after asking suppliers for discounts
5 days ago

Shareholders approve £2.5bn Barratt and Redrow merger

Final hurdle is for the competition regulator to approve the deal.
5 days ago

Green light for £80m Leith waterfront revamp

Build-to-rent homes and student accommodation scheme to be built
5 days ago

Tilbury Douglas clears Interserve legacy jobs to return to profit

Revenue tops £500m in first year as standalone contractor
6 days ago

Land deal paves way for Manchester civil service office hub

Government buys five acres at former Central Retail Park
5 days ago

Speller Metcalfe wins Wolverhampton library upgrade

Full works are due to start in the autumn
5 days ago

Skills shortage puts big infrastructure projects at risk

Government failing as an intelligent client and now over-reliant on consultancies
6 days ago

Contractors face further insulation board price hikes

Cost of PIR insulation boards set to rise another 10%
6 days ago

Contractor services