Creagh Concrete targets £200m turnover

Grant Prior 6 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

Cubby reborn in £12m Svella-backed takeover

£50m revenue target set as 14 firms combine under new Cubby Group banner
3 hours ago

North East NHS trusts plot £3bn health estate overhaul

Market engagement begins for major construction push across four trusts
3 hours ago

HG goes green on cranes in £1.2m switch to battery power

Diesel-free crane drive cuts fuel bills by 94%
3 hours ago

Developer fined £165,000 for fire safety failings

Firm ignored fire safety orders on apartment job in Preston
3 hours ago

Bidding to start for £1.8bn North West framework

Contractors invited to bid for latest Procure Partnerships deal
4 hours ago

Hill hits record £90m profit as homes pipeline swells

Build-to-rent push and £4.8bn contracting book to fuel next growth phase
20 hours ago

Rayner unveils £39bn plan to build 300,000 social homes

Council building revival and rent reform feature in social and affordable homes plan
1 day ago

Keltbray bounces back with £3.2m profit

Tighter controls and smarter project selection fuel strong turnaround
1 day ago

VINCI JV wins 500-home twin town centre revamps

Chester Northgate phase 2 and Northwich Weaver Square schemes move to delivery stage
1 day ago

80 energy projects unlocked as Ofgem backs grid expansion

£24bn energy networks deal gets green light from regulator
2 days ago

How to see your stories on the Enquirer

Join our Suppliers and Buyers directory to get your news published
1 day ago

Henley lands Midland Mill revamp on Leeds tower scheme

Restoration of 18th-century mill kicks off on South Bank regeneration project
1 day ago

New boss at Eric Wright Civil Engineering

Gavin Hulme takes top job as Diane Bourne moves to group role
1 day ago

Pinewood submits £1bn data centre plan

Studio giant adds green and learning spaces to tech hub blueprint
2 days ago

Record results after TClarke goes private

Britain's biggest M&E contractor flourishes after de-listing
2 days ago

Dalkia lands £200m nuclear maintenance deal

1,000 nuclear FM staff to join M&E contractor
2 days ago

Construction comeback to outpace wider economy

Arcadis forecast fueled by spending review optimism
3 days ago

First steel goes up on giant car battery site

Severfield gets to work on McAlpine Somerset site
3 days ago

Permasteelisa wins cladding deal on Bovis city tower

Facade specialist lands package at 60 Gracechurch Street
2 days ago

Fox buys recycled asphalt specialist Fisher

Acquisition adds major recycled asphalt capacity in north west
3 days ago

Major Building Safety Regulator shake-up to end tower delays

HSE stripped of control and top fire chiefs brought in to fast-track stalled schemes
3 days ago

Hinkley trio sign Sizewell civils deal

Balfour,Bouygues and Laing O'Rourke form Civil Works Alliance for new power station
3 days ago

£3.9bn data centre plan for Ravenscraig steelworks

Green energy to power massive new steel to silicon AI campus
3 days ago

Breakthrough on HS2’s second longest tunnel

8.4 mile Northolt to Old Oak Common drive completes
3 days ago

Neilcott on fast-track to debt-free employee ownership

£22.5m loan nearly paid down after big profit year
3 days ago

TfL kicks off race for £700m Tube station upgrade

South Kensington and Elephant & Castle top the pipeline list
3 days ago

Corbyn Plant Hire fleet goes under the hammer

Kit to be sold off by sister firm to collapsed groundworks contractor
3 days ago

Government wields procurement stick on late payment

New rules would block slow payers from bidding on big public jobs
6 days ago

Hercules buys power line labour firm for £15.7m

Labour supply specialist snaps up Advantage NRG to tap booming electricity upgrade market
6 days ago

Universal bid to fast-track planning for theme park

Entertainment giant eyes 2026 start at Bedford site
6 days ago