Romford’s Readie Construction places in UK top 20 for growing profits
PUBLISHED: 15:00 23 April 2018
A Romford firm that has seen a £104million profit turnover in the last year has placed in the top 20 of a league table that ranks Britain’s private companies.
The Sunday Times BDO Profit Track 100 table ranks Britain’s private companies with the fastest growing profits over three years.
Readie Construction, based in Ashton Road, made this year’s ranking with a 104pc annual profit, placing it 13th.
Paul Stephens, managing director at Readie Construction told the Recorder: “We received notification on April 5, from Fast Track about our place in the rankings.
“Last year we were 42nd, so this is a huge improvement.
“I had the pleasure of going to the awards dinner and meeting some of the other successful companies that were on the same upward trend.”
Readie Construction was recognised in the rankings for securing a £37m contract to build a car parts factory.
“It was our largest product to date,” said Paul.
“[The client] is a large local business in the area [of Wolverhampton], that have now secured future clients such as Jaguar.
“It was our flagship build of the year.”
Another project they are starting this month is to undertake site wide infrastructure works and to build a 264,000 sq ft unit for Baytree, a European development company.
Readie Construction also recently featured in the builders conference league table for top 10 contracts awarded in April 2018.
Since starting in 2008, Paul explained that Readie Construction now has, “a very established business” with 115 direct employed staff.
“10 years ago we started at zero in terms of profit and turnover and at the end of the end of this financial year, we have a 104m turnover in profit, which shows how we’re in the business of growth in Romford,” Paul added.
“We have got a very strong senior team, and early this year we made some of them shareholders.
“Readie Construction supports a lot of the local community, by working with the planning authority, and by getting local businesses involved.
“We celebrated our 10th anniversary this year, so [the award] has been a nice addition to the celebration.”