NuGen Properties

Rapid growth for Red Construction

Rapid growth for Red Construction


Red hoardings [image by Luca Piffaretti]

In the year to 31st March 2022 Red Construction Group turned over £64.78m, up from £24.58m the previous year.

Pre-tax profit grew similarly to £1.46m (2021: £577,000), maintaining a 2.3% margin.

Red Construction Group was founded in 2016 by Graham Sturge and Ian Hopkinson.

In autumn 2021 it restructured, opening distinct operating companies for its key regional market, Red London and Red South West. [See previous report here.]

Red Special Projects, the company’s newest operating division, was also announced this year, focused on building projects up to £7m.

Chief executive Graham Sturge said: “It has been a milestone year and a period of huge growth for Red Construction Group. We’ve increased the size of the business and built company longevity with the implementation of key regional operating divisions, while going back to our roots with the creation of the dedicated Red Special Projects team.”

He continued: “We continue to build on our solid foundations and in line with our strategic growth plan, we have consolidated our position this year, with a secured order book for year ending 2023, forecasting revenues of £70m. At the heart of our strategy is the aim to be the contractor of choice in the commercial, residential, hotel and leisure markets, based on the company’s reputation being synonymous with effective delivery across new build and refurbishment projects in the UK.”

Projects completed last year include 14 Park Crescent for Amazon Property, the refurbishment of 3 Shortlands for Romulus, and The Angel Central refurbishment for CBRE Global Investors.

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Customer Reviews

Dan Morten 18/01/22

Google
Easy to work with, Jordan and the team were professional and were easy to communicate with.
Would highly recommend.

Di Hayes 20/08/22

Google
NuGen Properties built an extension to the rear of my property, replacing the old conservatory. I am so pleased I chose this company. From the initial quotation, through the build and after they were professional, polite & well mannered. They kept the site tidy throughout the build and kept me informed of each stage as it happened. The work was finished to a good standard and I have had nothing but compliments on their work. I am already planning for them to come back and do some more work for me in a few months. I would 100% recommend them.

Bradley Eyles 20/06/23

Google
Nugen were fantastic throughout the works they carried out on my property, Jordan provided constant updates and ensure any questions I had were always answered. All works were completed in a timely fashion, on budget and exceptional customer service. Highly recommend!

Sonny Carter-heyward 29/02/22

Google
Brilliant service, renovated my house to make a dream a reality. Thanks guys

sitemanager 22/01/23

Google
Great firm to communicate with fast and good quality work.