Briggs & Forrester boosts turnover by more than 10%
The Briggs & Forrester Group has reported an increase in turnover of over 10% over 2015 to reach £183 million. Group chairman Mike Stanton (pictured) said, ‘Secured orders are at a healthy level and are supported by a good pipeline of potential opportunities going forward. During the year, we secured our largest-ever project, Principal Place with Multiplex, with a value in excess of £40 million.’
The group now employs nearly 800 staff across the UK and, in 2016, opened new offices in Petersfield and Exeter.
Following a management buyout in June 2016, the management teams extended their ownership of the group to 60%.
Mike Stanton said, ‘The management buyout is in line with the group’s strategy of remaining an owner-managed business, and the creation of an employee benefit trust provides the opportunity for more staff to become shareholders in the future.’