Phil Burridge and Stephen McCoy
Family-run construction firm, P F Burridge, has undergone a management shake-up to help it branch out into new areas and increase annual turnover.
The changes at P F Burridge see Phil Burridge take over at the helm, and the arrival of new build expert, Stephen McCoy, as Commercial Director.
Phil’s brothers David and Mark have retired from the company, which was founded by their father Peter in 1967.
The business, which is based in Newcastle - but also has a depot in Wakefield - is expected to turn over around £20m this year. The directors hope that the new management shake-up will help to take annual turnover to £25m.
It employs 160 people and has built a sound reputation carrying out refurbishment and repair contracts throughout the North of England for universities, hospitals, housing associations and private sector clients.
However, the drive to address the housing shortage by building more homes, opens opportunities for new residential development, particularly for rent, through housing provider partners.
Phil Burridge said: “Whilst we have been successful in growing our business based on improvement and refurbishment work, we now want to break into new sectors – particularly new build – and Stephen’s appointment adds huge experience in this area.
“In addition, his commercial expertise is already enabling us to examine new ways of working, which we believe will make us more efficient and competitive in the market place.
“This is a very exciting time for the business. As we approach our 50th anniversary we are planning investment and growth, which will see us move to the next level in the sector – becoming a full service construction partner, rather than a building contractor.”
Stephen McCoy said: “I am thrilled to have this new challenge with Burridge. As soon as I met Phil and heard his thoughts about how the business could develop, I felt I had something to offer which would support the initiative. I was quickly impressed with the set-up here and feel the business is well placed to progress.
“Our initial goal is to demonstrate that the skills we have applied to existing and previous projects are transferrable and that we now have the expertise to deliver successful new build developments. I have confidence that we can do this and am looking forward to the challenge.”