Expanding civil engineering contractor Utilities Design and Planning Ltd have invested in a bigger operating base in Salford after a strong year of growth.
The company, backed since late 2016 by Foresight Group through its regional investment fund, is predicting 2018 will be another record year for revenues and profits with turnover expected to rise from £7.5m to around £12m.
Staff numbers are set to rise too, with UDP looking to recruit 60 people this year, taking the total head count to 140.
The move to the new two-acre site on Eccles New Road, Salford, will allow UDP to take on more projects on the back of a robust order book and a growing long-term pipeline of work.
Managing director, Mike Flynn, who joined the company last year, said: “2017 was a strong year for UDP in terms of growth, new senior management team recruits and the installation of new commercial processes and operational systems.
“We have also invested £400,000 in new plant and vehicles. We are ambitious for further growth and expect revenue to soar past the £10m barrier this year thanks to winning more work from long term strategic partners.”
The business has also diversified incorporating a utilities division, specialising in the delivery of gas, water, electric and communication underground infrastructure.
Flynn added: “Within the strategy for 2018 we hope to open two further satellite depots in the Midlands and in Yorkshire. UDP is working closely with Salford College and this year we will be increasing our apprentices from three to six.
Claire Alvarez, senior investment manager at Foresight Group’s Manchester office, and a non-executive director at UDP added: “We are really pleased with the progress at UDP since our investment just over a year ago. The new management team has a clear strategy to take UDP to the next level, which we are delighted to support, particularly as this means new jobs are being created.
“Foresight remains keen to talk to business founders or owners looking for a supportive strategic partner to help them realise value or to meet their growth aspirations.”
UDP currently provides civil engineering and traffic management services to a wide range of customers, from rail operators, property developers, major construction contractors, telecoms providers, local councils and public transport authorities.
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