Non-combustible cladding specialist Vivalda sees demand surge

Aaron Morby 4 years ago Vivalda Group plc
Share

Leading distributor of non-flammable cladding Vivalda Group is reporting strong demand for pre-prepared cladding systems after lockdown.

Group chairman Peter Johnson said: “We’re seeing strong uptake from our customers who want the speed, reassurance and reliability of pre-prepared cladding.

“The days of cutting panels and fixing the brackets on-site are drawing to a close.”

Johnson said continuing market strength would boost 2020’s figures.

“Clearly the Covid-19lockdown has had an effect, but as it recedes, its impact is starting to look more like a pause than a wobble.”

Reporting a 7% uplift in pre-tax profit in 2019 from revenue up 2.5%  to £34m, Johnson said: “I pay tribute to Vivalda’s remarkable staff who came out of the blocks after lockdown and set us on course for what could well be another record year in 2020”.

“It is especially pleasing to see the important indicators heading in the right direction – profit calculated under EBITDA is £3.49m, or 11% of sales.”

“The future of UK cladding will belong to companies who invest consistently – in a skilled workforce, plant and machinery as well as customer service.”

Audited accounts confirm Vivalda invested £1.8m in fixed assets during 2019/20, with total net assets now standing at £13m.

Johnson said: “Customer demand for our non-combustible range is now very strong.

“And activity supported by the government’s £1.6bn remediation programme – to replace dangerous cladding on high-rise buildings – will support demand for safe, non-flammable cladding products well into 2021.”

Highlighting the recent acquisition of fabricator and powder-coating specialist MSP (Scotland), Johnson said: “This highly respected, long-established company with its loyal workforce, gives us access to the growing market for solid A1 fire-rated aluminium panels.

“MSP is already making a positive contribution to group success.”

 

Latest suppliers & buyers news

Carbon neutral first for building services specialist Ameon

Contractor achieves PAS 2060 accreditation of Carbon Neutrality
2 weeks ago
Ameon

SRL set for growth with expansion of leadership team

Traffic management specialist has ambitious plans
4 weeks ago
SRL Traffic Systems

RVT offers trio of new ways to stay safe on dusty sites

Specialist offers latest range of dust control systems
1 month ago
RVT Group

Knauf Insulation adds a UK-first to rainscreen range

Rocksilk RainScreen Slab EE gives specifiers a solution to exposure problems
2 months ago

New office for Deeside Timberframe

Expanding specialist grows to meet demand

SRL gains compliance for latest portable traffic signals

UltraLight achieves TOPAS 2540A accreditation
2 months ago
SRL Traffic Systems

Luxury Liverpool student scheme saved from administration

J3 Advisory plays key role in completing £60m scheme
2 months ago

Construction recruiter continues to expand

Fawkes & Reece acquires Venture Contracts Ltd
2 months ago

Sika launches new sealant for tanks and silos

Highly robust sealant keeps tanks leak-free
3 months ago
Sika Limited

JCT latest contracts release date revealed

Update on 2024 Edition of the Standard Building Contract
4 months ago

Offsite Expo to showcase industry best practice

Event to be held in Coventry in September
4 months ago

Bricklayers get new masonry fixings training course

New initiative from the Association of Brickwork Contractors. Grayson and Rawlplug
4 months ago
Grayson (GB) Ltd

Data Hub helps Morrissroe manage concrete info

Latest Converge technology improves efficiency for specialist contractor
5 months ago

Gallagher turns to Groundforce for storage tank

19 heavy-duty Premier Trench Boxes supplied on school site
5 months ago
Groundforce

CSCS Industry Accreditation renewal deadline passes

Grandfather rights cards to expire by end of year
6 months ago

Kilkern wins drainage deal at £480m green energy plant

Package win at at the Lostock Sustainable Energy Plant in Cheshire
7 months ago
Kilkern

Quest now offers latest industrial vacuum system

Waste management specialist broadens its range
7 months ago
Quest Waste Management

ROCKWOOL launches Fire Barrier EN

Preventing fire spread and inhibiting the passage of smoke in concealed spaces
7 months ago

Conquip BulkX makes site excavations easier

Specialist can make life easier for civils contractors

SRL appoints Mark Eburne as CEO

New leader at traffic management specialist
7 months ago
SRL Traffic Systems

Trio of new products from Altrad RMD Kwikform

Latest solutions will make life easier for contractors
8 months ago

Walker Modular lands £5m bathroom pod contract

Specialist to work with Graham and Watkin Jones on major build-to-rent scheme
8 months ago
Walker Modular Limited

JCT launches latest contract updates

Design and Build Contract 2024 Edition now out
8 months ago

New MD at Quest to drive company growth

Specialist services contractor appoints Clive Leadbetter
8 months ago
Quest Waste Management

IBMG raises funds for further expansion

£650m revenue Independent Builders Merchant Group looks for more acquisitions
8 months ago
IBMG

New Knauf rainscreen cavity systems make life easier for specifiers

Rocksilk RainScreen Cavity Systems launched
9 months ago

Go Smart card checks set to end within days

Contractors should move to CSCS Smart Check as soon as possible
9 months ago

Milbank delivers precast floors on 100% renewable fuel

Delivery and installation of precast concrete hollowcore floors using only Hydrotreated Vegetable Oil

AGD suppliers latest crawler cranes for HS2

Buyer Total Plant Ltd puts two Sennebogen machines to work in Birmingham
9 months ago
AGD Equipment Ltd

Firm Quick Find

Join Now

Sorry, there was a problem with the details you have entered. Please review the highlighted fields.

Sorry, this email address has already been registered.

Top searches

Contractor services