Focus on care homes paying off for Kori Construction

Grant Prior 10 months ago
Share

Later living main contractor Kori Construction has reported a record-breaking month of contract wins after posting a strong set of annual results.

Sue Bird, Finance Director; Tony Robinson, Pre-Construction Director; Jordan Connachie, Managing Director, and; Sean Garton, Senior Designer Manager.
Sue Bird, Finance Director; Tony Robinson, Pre-Construction Director; Jordan Connachie, Managing Director, and; Sean Garton, Senior Designer Manager.

Corby, Northamptonshire based Kori secured six new projects with a combined value of £75m in June.

The firm was appointed to build four new care homes and an assisted living complex totalling more than 400 bedrooms, and a 100 bed hostel on behalf of the YMCA.

The projects – which span Surrey, Norfolk, the West Midlands, Cambridgeshire, Berkshire, and Hertfordshire – highlight Kori’s growing geographical footprint as the business continues to expand across the UK.

Latest results for the year to March 31 2023 show turnover up to £34.7m from £20.3m last time generating a pre-tax profit of £1.5m up from £345,000 last time.

Managing director Jordan Connachie said: “Securing £75m of business in a single month is a phenomenal result and I couldn’t be more proud of the team here at Kori.

“This host of project awards puts us right on target to achieve the growth targets we set out in our five year business plan.

“The fact that 80% of the new business comes from existing customers demonstrates that the foundations we’ve built are strong and that our hard work is paying off.

“Our ethos has always been about achieving ambitious but manageable growth; growth that can be sustained over the long term so we can build a strong business that delivers for our people, our clients, the communities we work alongside, and the environment.

“That is our vision of success, and it is shared by every member of the team. June’s record-breaking performance is another step closer to achieving that.”

Latest news

Carpenter killed by falling timber frame panels

Court fines specialist contractor £8,000 after site tragedy
32 mins ago

Road sweeper specialist files administration notice

Go Plant lodges court notice
6 hours ago

Anglian Homes rides in to finish crashed Everest contracts

Rival doubled glazed window specialist commits to complete orders
6 hours ago

Final work starts to connect super sewer to London system

End in sight with 1.5m thick concrete wall to be demolished to link-up to Lee Tunnel sewer system
6 hours ago

Legal challenge launched against £1.5bn A66 dualling

Balfour Beatty, Kier and Keltbray must now await outcome of court challenge
6 hours ago

John F Hunt wins 24-storey Battersea tower

Specialist to carry-out demolition, enabling works and RC frame construction
1 day ago

William Hare wins steelwork on £500m Broadgate towers

Specialist to work on 2 Finsbury Avenue with McAlpine
1 day ago

McAlpine appoints MD to grow ventures business

Owain Thomas will build on private rental and healthcare development successes
1 day ago

BAM Co-op Live Arena opening delayed yet again

Another gig cancelled last night amid last minute safety concerns
1 day ago

National Grid unveils winners for £9bn network upgrade

New 'enterprise model' to deliver infrastructure schemes quicker and cheaper
2 days ago

Turkish insulation panel maker to build £45m UK factory

Assan Panel to open first UK plant at Freeport East
1 day ago

Expanding consultant Stantec swoops for Hydrock

Stantec UK business expands by a third as 950 staff join from Bristol-based engineer
2 days ago

Contractors wanted for £800m highways deal

Bids invited for Eastern Highways Alliance Framework 4
1 day ago

Galliford Try names group head of infrastructure

David Lowery promoted to Divisional Managing Director – Infrastructure.
1 day ago

Chigwell Group looks at stock market listing

Essex contractor registers as Public Limited Company
2 days ago

A57 Mottram Bypass clears final legal challenge

Balfour Beatty to get go-ahead to start shortly
2 days ago

100 jobs axed as Geoffrey Osborne confirms administration

Chairman Andrew Osborne calls it a 'sad day' as board loses fight for survival
3 days ago

Midgard set for Notting Hill office tower overhaul

Landmark project edges towards final approval after 10-year planning saga
2 days ago

Cumbrian civils firm clinches £40m Sellafield contract

Civils specialist Stobbarts will support McAlpine on groundworks and concrete
2 days ago

Designers named for London 2000-bed student rooms job

Bouygues will build £400m London School of Economics student scheme next to Tate Modern
2 days ago

£117m-turnover contractor files administration notice

ARJ Construction lodges court notice
3 days ago

£1bn London Blackfriars tower blocks approved

Trio of buildings rising to 45, 40 and 22 storeys approved by Southwark Council
3 days ago

Council decides to end Balfour deal after 13 years

Contractor has been maintaining roads across Herefordshire since 2013
3 days ago

Six civils clients to switch to low carbon concrete and steel

National Highways, Northumbrian Water and Sellafield sign fresh decarbonising pledge
4 days ago

Fortem extends homes repair deal across Birmingham

Willmott Dixon owned firm adds another two years to deal worth £170m
3 days ago

Kier wins £118m civil service Darlington hub

Work is expected to start towards the end of this year
4 days ago

Green light for 34-storey Digbeth apartments tower

480 flats will be delivered for Clarion housing association
3 days ago

LHC starts race for major retrofit and decarb framework

Hunt starts for firms to help with 6.1m social homes upgrade target
4 days ago

Windows giant Everest crashes into administration

Around 350 jobs at risk while hunt starts for a buyer to salvage business
4 days ago

Green light for £500m Newcastle health complex

Mixed use scheme will promote healthy living across all stages of life
4 days ago

Contractor services