WE ARE PROUD TO ANNOUNCE ANOTHER YEAR OF GROWTH

  06 JUNE, 2019
WE ARE PROUD TO ANNOUNCE ANOTHER YEAR OF GROWTH

We are proud to announce record sales of £155.8m in 2018 (2017: £148.6m) alongside pre-tax profits of £5.536m (2017: £5.441m) reporting five years of unbroken growth.

We operate from 27 locations across the UK, with our head office being in Stoke-On-Trent and have earmarked £2m of our profit to support new investment in 2019. Planned projects include several digital transformation initiatives.

Being a leading provider of maintenance and construction services to the social housing, university retail and hotel sectors, we are developing solutions that will integrate our IT systems with clients’ estate management software and property databases to automate internal processes.

We have stepped up our investment into apprenticeships and trainees last year, employing 91 (2017: 65) and are funding the training of 20 quantity surveyors as we seek to address specific skill gaps in the business and  the wider industry’s talent pool. We employ 1,000 people nationally.

To celebrate our fifth birthday in 2018 we delivered a nationwide, community-led campaign called ‘The Big Five’ donating £100,000 in time, labour and materials to support five community projects across the UK.

The projects were just five of 340 social value initiatives we led last year, positively impacting 14,659 lives.  Our achievements were recognised in 2018 when we were presented with a National Award for Educational Partnership by Business in the Community (BITC).

Earlier this year, we were listed among the top five fastest payers to its supply chain with an average of only 26 days against an industry average of 43 days.

Five months into the current financial year, we are targeting further sustainable growth and have 90 per cent of our 2019 turnover target already secured.

In February 2019, Alan Nixon was appointed the new Chief Executive Officer. Alan, was an existing member of the board and has worked with us – Novus was a part of Seddon Group until 2013 – for more than 30 years.

Commenting on the 2018 financial results, Nixon said: “In a market beset with uncertainty, we had another year to be proud of. We grew revenues and profits sustainably as we achieved our business plan, while significantly strengthening our balance sheet so that we can continue to invest in innovation this year and over the long-term.

“Novus, under the guidance of its chairman and fourth generation of the Seddon family, Stuart Seddon, was committed to being a responsible contractor that gave something back to its communities, long before it became a requirement in contract bids. We’re pleased to report strong data on our CSR investment alongside our trading performance.     

“Our BITC Award and recent commendation for industry-leading payment practices all stem from our culture, which is rooted in being a family-owned business. Ensuring the principles that stem from this continue to guide how we operate, even as we scale the business, is an important objective for myself and the board.

 “Looking ahead, the market remains tight. But, with our customer-centric approach and spend on exciting new digital innovations, we’re well placed to continue on our path of manageable growth.”

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Refurbished Room for Homeless

FROM GAMES ROOM TO BEDROOM FOR A HOMELESS HOSTEL IN WALES

Demonstrating our commitment to Corporate Social Responsibility, the Novus Bangor Office have refurbished an unused games room into a bedroom in support of helping a local homeless hostel.   A Helping Hand to the Homeless of Wales During the cold winter months, it goes without saying that a warm bed for the night is invaluable to a member of the homeless community. With that in mind, the Novus Bangor Office worked in partnership with North Wales Housing Association recently to support a bedroom upgrade. Novus provided their refurbishment services to help a local homeless hostel transform a disused existing games room into a much needed, well equipped, and comfortable extra bedroom. With over 400 rough sleepers in Wales alone, the scale of the problem is seemingly huge. As part of our commitment to helping those who are at their most vulnerable in society, Novus Bangor Office  wanted to help tackle homelessness in North Wales by providing a helping hand. The completed upgrade now provides a temporary room for a homeless person whilst they are supported into moving into their own property. A Team Effort The newly refurbished bedroom has benefitted from new doors to both the entrance and wardrobe, these kindly were supplied and fitted by BDL Fire Protection. Complete refurbishment of the flooring was generously donated by Ross Hughes Flooring. Subcontractors PJR Electrical completed all electrical work from new plug sockets to repositioning the CCTV camera. Finally, there was a new sink facility fitted and full decoration of the room including a bed, mattress, bedside table, and chest of draws. CSR at Novus Corporate Social Responsibility is at the core of everything we do at Novus and we are extremely proud to help support such a fantastic project. For more information about the social value work that Novus are involved in, please visit our CSR page.

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