Independent construction and facilities management company, Polyteck Group, has reported a 32 per cent rise in revenue to £23.8 million for the 12 months to 31 December 2016 – the highest since its inception in 2005.
The company attributes its growth following a significant increase in investment in people and processes across its business, which has also resulted in an 8.8 per cent increase in operating profit.
Polyteck operates across both the public and private sectors, delivering a broad range of construction and facilities management services including property development and refurbishment, property maintenance, electrical services, life safety systems and HVAC services.
In the last year, the company has invested heavily in training, fleet, machinery and advanced management and field based software as part of a drive to deliver sustainable growth.
Polyteck has picked up significant contracts in the commercial office, high end residential and social housing spaces. Notable wins have included a repairs and maintenance contract with Family Mosaic Housing Association, and high-end private residential contracts in Knightsbridge and Kensington delivering HVAC maintenance services.
The company has also expanded its international operations in the UAE by winning the Beach Tower contract comprising of 248 luxury apartments in Doha, Qatar.
Headquartered in the City, the company now employs more than 250 people working across London. Polyteck recently strengthened its senior management team with the appointment of five senior directors.
Chairman, John Polycarpou, Polyteck, said: “The strength of our performance in the last two years means that the outlook for 2017 is very encouraging. We are extremely pleased with the overall growth and the direction of the business.
“Building and management services remains a highly competitive marketplace but we seek to sustain and improve our level of performance over the long term by actively managing growth across all areas of the business.
“In doing so, alongside our significant investment in the company’s personnel and processes, we have the means, capabilities and commitment necessary to deliver a quality service and sustainable business platform for our customers.”