Since switching to an Employee Ownership Trust model in 2021, the Cidon Group raised turnover to £43m in the year to February 2024 following successful delivery to date of £58m worth of large energy for waste facilities in the Midlands, North West and Scotland.
The Barnsley-based firm has continued its growth into the North West, opening an office in Skelmersdale, Lancashire appointing Darren Hynes as regional director.
Group managing director Stephen Simpson said: “We are confident that in this financial year our continued growth will take our turnover above £60m.
“We have some incredible people working for Cidon and our experience and technical ability is proven, particularly in the energy and heavy civils sector.”
Cidon has recently secured a place on the KDP8 framework as a strategic supply partner to Key Delivery Partner Sir Robert McAlpine as part of the Sellafield PPP model.
This will deliver a steady income stream for years and open a new sector for the business.
Cidon will shortly start piling for foundations for Sheffield’s £100m CODE development on Wellington Street.
The 32-storey high rise scheme comprises three blocks to generate over 1,000 flats in Sheffield city centre.
