Firm expecting 拢50m increase in turnover this year
Fit-out firm BW Interiors has promoted its commercial director Kevin P鈥檔g to joint managing director.
The firm said he will work alongside joint managing director Peter Nagle as the firm targets a turnover of 拢275m next year.
P鈥檔g has been at the firm for 11 years and his roles have also included chief commercial officer.
By the end of this year, revenue is forecast to reach 拢250m and then grow to 拢275m in 2025 with 拢150m of next year鈥檚 figure already secured.
BW has previously ruled out taking on any jobs being carried out by collapsed contractor ISG.
The 拢200m turnover company鈥檚 chief executive Steve Elliott said it had a 鈥済olden rule鈥� not to take over jobs started by collapsed rivals.
BW has a long-term turnover target of 拢350m but Elliott told 黑洞社区 in September that project selection was key to its business model. 鈥淲e turn away more work than we actually tender. We are very stringent on what we will accept [to bid].鈥�
Its main sectors are commercial offices, including its current biggest, a 拢30m headquarters scheme in London, and higher education. Around 90% of its work is in commercial office for clients in the legal, banking and tech sectors.
Pre-tax profit last time was up 38% to 拢3m.
No comments yet