Rainscreen cladding systems supplier Vivalda Group enjoyed a rise in turnover and profits last year despite “ongoing challenges” facing the sector.
Vivalda decided to only stock fully certified products in the wake of the Grenfell tragedy and dedicate more resources to the off-site market.
The dual strategy is paying off with a rise in turnover for the year to December 31 2017 to £30.94m from £26m last time generating pre-tax profits up to £2.55m from £2.27m.
The business now operates from eight locations throughout the UK and Ireland and employs 84 staff.
Vivalda’s chairman, Peter Johnson, said: “Given ongoing challenges facing the building industry the past 18 months have not been easy for many businesses.
“And yet despite this – by sticking to our strategy of investing in technology, people and our customers – we have continued to grow our company by nearly 20% year on year.
“At the same time, we have also been pleased to see our PURA Facades business go from strength to strength, on the back of sustained demand for its range of natural cladding products using stone, terracotta and glass reinforce concrete.
“While a healthy top line figure is always good to see, this is only the tip of the iceberg as far as business performance is concerned.
“During 2017, we worked hard to improve our productivity and accuracy, while reducing our waste.
“We’re very much behind the focus of the government’s new Construction Deal and believe that the attention on efficiency and productivity is vital to the long-term health of this vital UK industry.”
from Construction Enquirer http://www.constructionenquirer.com/2018/08/16/growth-strategy-pays-off-for-cladding-firm-vivalda/
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