£30m pipeline of work provides foundation for continued strong performance and growth opportunities at Bellaghy-based commercial electrical contractor
A Bellaghy-based commercial electrical contractor has revealed a pipeline of more than £30m of work across the UK, Ireland and Europe.
Premier Electrics, which employs 150 people directly and indirectly, said the contracts – primarily in the retail and office sectors – would provide the backbone for continued strong trading performance and future growth opportunities.
The news comes as the company posted pre-tax profits of £2.5m from a turnover of £50m, despite a significant exceptional loss arising from a decision to close out a number of foreign exchange contracts.
Managing Director, Tony Shivers, said Premier had worked hard over its 22-year history to build a solid reputation for hard work and delivering complex, fast track projects on time and on budget.
“We have now become a truly European business, delivering more than 1000 projects in the last 22 years across countries including UK, Ireland, France, Germany, Spain, Portugal, Romania, The Netherlands, Austria and Belgium.”
He added the company was continuing to perform well as a result of uplifts in general construction activity particularly in London and Dublin.
“Our experience has been that major retailers are continuing to press on with refurbishment and new build plans despite the general uncertainty around the implications of BREXIT,” Mr Shivers said today.
“We have recently completed several major projects including one at Buttermarket Shopping Centre Ipswich and more than ten stores for H&M. In recent weeks we have secured a number of large electrical fit-outs including a department store for Fenwicks in Bracknell and a number of other significant retail projects in Northern Ireland, Britain and Europe.
“Whilst the broad construction environment has been challenging in the past few years, and 2016 has brought for us its own specific issues with foreign exchange volatility, our strong order book and excellent team give me confidence for 2017 and beyond.”
Mr Shivers praised Premier’s staff for playing their part in delivering a solid financial performance in a challenging economic environment. He also revealed the company was embarking on a new apprenticeship programme and was working in partnership with the Ulster University to provide a number of marketing and commercial placements.
“It has been well documented that there is a derth of young talent available to the construction industry as a result of the recession. We see our apprenticeship programme as one way of attracting fresh young talent into the sector and affording them great opportunities for travel, training and career advancement. Alongside new apprentices we plan to grow our team of surveyors and projects’ managers to add to our already strong and highly skilled workforce.”
Premier Electrics is an award winning business which delivers electrical fit-out and maintenance projects for clients in the retail, leisure, industrial and commercial sectors. Its client base comprises a host of household brands including Primark, Asda, Audi, Debenhams, H&M, Heatons, Sports Direct, John Lewis and M&S.