Oswestry building contractor aims for 25pc growth
A building contractor has revealed plans to boost its multi-million pound turnover by a quarter, backed by a major investment in new offices and staff.
PaveAways, which is based at Knockin near Oswestry, is building a £200,000 extension to its offices and is investing £250,000 in new staff as it aims for £35 million turnover in 2025.
It already employs more than 100 construction and administrative staff and is predicting a £28m turnover for 2017, up £3m from the previous year.
Pave Aways began life as a civil engineering company in 1973 focusing on groundworks and hard landscaping and constructing paths, drives and roads before it moved into the building construction sector.
A management buy out in 2011, when the firm’s turnover was just £13m, has seen the business enter a period of sustained growth.
Its current order book includes an £8.3m new production facility in Telford for a manufacturer in the automotive industry, a £4.6 million warehouse and production centre in Welshpool, projects worth £6.9 million at Shropshire’s Concord College and school refurbishments for Telford and Wrekin Council worth more than £750,000.
Managing director Steven Owen said: “We believe a large part of our on-going growth is down to the long term relationships we develop with our clients. Often, we are taken on to do one job and then win contracts again and again based on the high quality of our work, the hands on approach of our directors, and our aftercare.
“For example, we've had relationships spanning years with organisations such as hospitals and health trusts and educational institutions such as Concord College and Harper Adams University, where we have been responsible for many of their high-profile new buildings.
“We joke that we build 'more than just pavements', which is what our name suggests. Our remit is now full building construction services but, as we have gathered a reputation based on our name, Pave Aways is definitely here to stay with an exciting strategy for sustainable growth.”
Steven added: “We have built up a reputation over the last 40 plus years for our reliability, innovation, and performance. This, coupled with our own financial stability and long term management strategy, places us way ahead of many of our competitors so I am confident we will reach our £35m turnover target within the next eight years.”