Our strategic pillars
Our progress since 2013 has helped us work towards our vision to be recognised as world-class leaders in structural steel. Each step is linked to a specific strategic pillar and collectively strengthens our foundations.
Completed a rights issue which raised £45m and recapitalised the business with a stabilised financial structure to secure the long-term future of the Group.
Restructured the Group's three operating businesses into a single trading entity, Severfield-Watson Structures Ltd (now Severfield (UK) Ltd) and completion of a comprehensive management review and restructuring programme.
Appointed Ian Lawson as chief executive officer.
Development of a long-term Group strategy based on building a solid platform for continued growth in the UK and overseas and launched a comprehensive Group operational improvement programme.
Established a new £25 million revolving credit facility until July 2019.
The Group secured six new contracts, worth £43 million in total, including being appointed as the steelwork contractors for the expansion of Anfield stadium for Liverpool FC.
Successfully completed our 50% investment in Construction Metal Forming Limited (previously Composite Metal Flooring Limited).
Awarded the contract for the construction of the new stadium for Tottenham Hotspur FC.
Set up the Severfield Foundation, a registered charitable organisation raising funds for, and offering assistance to, charitable bodies throughout the UK, mainly through the activities of Severfield employees.
Awarded the contract to fabricate and construct the retractable roof for Wimbledon No.1 Court.
Outlined the Group's new strategic target to double 2016 underlying profit before tax to £26 million by 2020.
Secured six new contracts worth £72 million including being awarded the contract to design, fabricate and construct c.17,000 tonnes of structural steel for 22 Bishopsgate, London.
Launched our business improvement programme, 'Smarter, Safer, more Sustainable' consolidating the Group's operational improvement projects, including improvements to business processes, use of technology and operating efficiencies.
Incorporated Severfield Europe B.V. in the Netherlands, focussing on tailoring established UK offering for expansion into the European market.
Completed the installation of a brand new £2 million state-of-the-art 'T & I' plate girder line at Severfield (UK)'s Lostock facility to significantly improve capability within the bridge market.
Awarded the contract for Google Headquarters in King's Cross. Severfield to supply c.16,000 tonnes of structural steelwork services for the 11-storey building.
Appointed Alan Dunsmore as chief executive officer. Reorganised factory operations in North Yorkshire, consolidating the steel fabrication at Sherburn and Dalton into the Dalton facility, making better use of our operational footprint in Yorkshire and driving further operational improvements.
Trading commenced at Severfield (Products & Processing), the Group's new business venture in Sherburn to address smaller scale projects providing a one-stop shop to fabricators to source processed steel and ancillary products.
Expansion of Bellary facility in India commences – expected to be completed towards the end of the 2020 financial year.
Severfield Europe B.V. wins its first two contracts.
Appointed Louise Hardy as non-executive director.
Completed the acquisition of Harry Peers & Co Limited, a leading full service steelwork business focussing on the nuclear, process industries and power generation sectors.
Held our inaugural 'safety first' awards to celebrate positive safety behaviours and initiatives and environmental management by apprentices, other employees and teams within all of our businesses.Launched our new product ranges 'Severstor' and 'Seversilo'.
£28.6 MILLION Strategic target