NuGen Properties

Restructure for Bristol’s Lancer Scott

Restructure for Bristol’s Lancer Scott


Morian Cooke, chief executive of Lancer Scott Holdings

Under parent company is Lancer Scott Holdings Ltd, there now sits Lancer Scott Construction Ltd (based in Bristol and Taunton), Lancer Scott Construction West Ltd (in Cardiff and Liverpool) and Lancer Scott Facilities Management Ltd (across all sites).

Lancer Scott Holdings Ltd owns 100% of the share capital in its subsidiaries.

The restructuring was carried out by Lancer Scott’s new managing director David Jones to support the company’s growth, which has seen turnover grow from £39m in 2017 to £78m in 2022 and a projected £110m in 2024.

Morian Cooke, chief executive of Lancer Scott Holdings and founder of the business, said: “In 2020 we set out our ambitions and goals. We realised that if we wished to achieve those goals and to create the Lancer Scott that would be fit for the next decade, we would have to execute a major restructuring of the company.

“Three years on, this work has come to fruition with the creation of these three separate limited companies which can each work autonomously for the benefit of the holding company.”

He added: “This new structure provides greater employee responsibility and accountability at a regional level, which the board believe is a key foundation for a successful business.”

The reorganisation of Lancer Scott Holdings has allowed its directors to introduce a share option scheme (CSOP) as an incentive for senior employees.

Got a story? Email [email protected]



Source link


Customer Reviews

Nugen Properties

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.