One of the UK’s fastest growing building contractors, Castleford based Strategic Team Group, today posted another set of record results.  Despite troubled times for the construction industry, the Group saw a 20 per cent increase on sales to £34.5 million and a EBITDA of £2.5m (6.7%) for the year ended 31st March 2009.
 
The year saw Strategic Team Group re-structure the business and strengthen the board of directors with the appointment of non-executive chairman, Stuart Black, Andrew Coates was promoted to construction director and Craig McKillop to operations director in Scotland to meet an aggressive expansion plan for the next two years.
 
The growth, which was entirely derived organically, was achieved across all market sectors, with 45 per cent of turnover generated in the Group’s core area, social and affordable housing and the remainder in transport, government (education and public buildings), commercial office fit-outs and high profile residential schemes.
 
The Group succeeded in raising its profile in the rail sector, completing the first National Stations Improvement Programme (NSIP) scheme, a Department for Transport backed programme to deliver improvements to 150 medium sized stations in England and Wales.  The project saw the Group complete a £1.5 million upgrade of the grade two listed, Ormskirk station and continue with its successful working relationship with Mersey Rail.  Furthermore, the Group secured several significant long-term framework deals with local authorities and registered social landlords including Stonham (part of Home Group), Home Group and Kirklees Council, Leeds City Council & Firebird JVC.
 
As a direct result of new client and new project wins the Group increased its team by 23 per cent to 196 people and increased the maximum project value per site from £2 million to above £3 million. 

Furthermore, Strategic Team Group hosted its second charity gala and business awards event, raising over £30,000 for the British Heart Foundation.  The year also saw the Group donate a further £12,000 to charitable causes and to support young people in sport.
 
Commenting on the company’s performance, Strategic Team Group’s business development director, Charles Tweed said:
“The results are very satisfying, particularly as the later stages of the year saw the property market and the construction industry pummelled by the economic downturn.  The group's ability to continue to grow during this period, producing record sales and a good operating profit demonstrates the strength of the underlying business and the continuing resilience of our chosen market sectors.
 
“Looking forward, our order books are already worth over £19 million (48.7 of our budget for 2009/10), so we are confident of making further progress in the year ahead both organically and through acquisition.”