Our activities generate the following types of long-term value:
For our shareholders
All of the Group's consolidated revenue and profits are generated from the design, fabrication and construction of structural steelwork and its related activities.
Our state-of-the-art manufacturing facilities have been established to generate profit and surplus cash flow. Steel purchases are only made for secured contracts in order to maximise working capital positions.
Good cash generation and balance sheet management provide a solid foundation for the Group.
Close management of our contracts and cost base is critical to our success, particularly in winning new contracts, reinvesting in our business and seeking further opportunities for growth.
The Group has a progressive dividend policy. We invest in capital projects and market-leading technology to drive sustainable growth.
For our customers
We approach every project, from the highly technical to basic structural work, with the same level of safety, professionalism, commitment, care and customer service.
Alongside our industry leading customer service is our continued focus on product range development, to ensure our products meets the ever-changing needs of our customers.
For our employees
We are committed to matters of health and safety, sustainability, ethics and staff engagement. We ensure our employees are trained so they are skilled and qualified for their occupation and therefore can contribute to performance.
We offer our engaged and talented employees stable and secure employment in a growing business and with opportunities to develop and progress.
For our society
We are committed to minimising our impact on the national environment and local communities, as well as maintaining sustainable practices in all our disciplines.
We have a new sustainability strategy in development for 2021, as we aim to further reduce our environmental impact and carbon emissions, working collaboratively with customers, industry and the supply chain.
A commitment to our own Group charity, the Severfield Foundation, which partners with a nominated national charity, as well as supporting several local charities, to help us give back to society.