Focus on care homes paying off for Kori Construction

Grant Prior 11 months ago
Share

Later living main contractor Kori Construction has reported a record-breaking month of contract wins after posting a strong set of annual results.

Sue Bird, Finance Director; Tony Robinson, Pre-Construction Director; Jordan Connachie, Managing Director, and; Sean Garton, Senior Designer Manager.
Sue Bird, Finance Director; Tony Robinson, Pre-Construction Director; Jordan Connachie, Managing Director, and; Sean Garton, Senior Designer Manager.

Corby, Northamptonshire based Kori secured six new projects with a combined value of £75m in June.

The firm was appointed to build four new care homes and an assisted living complex totalling more than 400 bedrooms, and a 100 bed hostel on behalf of the YMCA.

The projects – which span Surrey, Norfolk, the West Midlands, Cambridgeshire, Berkshire, and Hertfordshire – highlight Kori’s growing geographical footprint as the business continues to expand across the UK.

Latest results for the year to March 31 2023 show turnover up to £34.7m from £20.3m last time generating a pre-tax profit of £1.5m up from £345,000 last time.

Managing director Jordan Connachie said: “Securing £75m of business in a single month is a phenomenal result and I couldn’t be more proud of the team here at Kori.

“This host of project awards puts us right on target to achieve the growth targets we set out in our five year business plan.

“The fact that 80% of the new business comes from existing customers demonstrates that the foundations we’ve built are strong and that our hard work is paying off.

“Our ethos has always been about achieving ambitious but manageable growth; growth that can be sustained over the long term so we can build a strong business that delivers for our people, our clients, the communities we work alongside, and the environment.

“That is our vision of success, and it is shared by every member of the team. June’s record-breaking performance is another step closer to achieving that.”

Latest news

McAlpine pulls out of £55m Carlisle Citadels project

University of Cumbria starts hunt for replacement contractor
5 hours ago

Motorist dies after collision with road paver

Police Scotland investigating fatal crash
40 mins ago

McLaren Living appoints HG Construction for £69m scheme

Build to Rent scheme will transform former vacant car park site in Leeds city centre
4 hours ago

Squibb liquidator probes £2m of “missing” plant

Machinery, cars and scrap metal have disappeared at demolition specialist
10 hours ago

Galliford Try to re-enter affordable homes market

Contractor sets out new five-year plan to build margin to 4%
9 hours ago

Former Sellar chief to lead civils contractor Kilnbridge

Owen Dannatt joins as new CEO as founder Dermot McDermott becomes Chairman
9 hours ago

Hunt starts for nuclear fusion plant construction partner

Fusion energy plant to be built at West Burton coal power station site.
9 hours ago

National Grid raises £7bn for big infrastructure upgrade

Rights issue to fund a major round of capital investment in energy infrastructure
9 hours ago

Grenfell police probe to last at least until end of 2025

19 companies and 58 individuals could eventually face charges
19 hours ago

Mace confirmed on £100m London office retrofit

Work underway on Helical's 100 New Bridge Street job near Ludgate Circus
1 day ago

Wylfa chosen for next big nuclear power station build

Government names Anglesey site for a large-scale gigawatt nuclear power plant.
1 day ago

Bowmer & Kirkland trading profit halves

Contractor buys HVAC specialist Adcock despite challenging market
1 day ago

Piling specialist Van Elle plans further job cuts

Piling specialist plans further cost savings in face of lower demand
1 day ago

Civils contractor A Catlow files administration notice

High voltage cable specialist lodges court notice
1 day ago

Green light for ARC Oxford lab campus

Work to start later this year on £40m Ascent building job
1 day ago

Stonehenge tunnel hit by another legal delay

Court upholds latest appeal against £1.7bn scheme by campaigners
2 days ago

Plans go in for huge Olympic Park construction hub

Bow Goods Yard could deliver 3.5m tonnes of materials a year to sites across London
2 days ago

40% affordable homes target for Labour’s new towns

Labour pledges to select new town sites by end of first year
2 days ago

Plan for £100m Liverpool Baltic station

Construction work could begin next year
2 days ago

Surgo Construction went down owing £4.5m

Biggest creditor is Bellway Homes after dispute on housing job
2 days ago

Vistry seals £157m West London housing deal

Around 575 homes to be built at Merrick Place scheme in Ealing
2 days ago

Streamlined Watkin Jones returns to profit in first half

Multi-room specialist sees secured work pipeline hit £1.4bn
2 days ago

Bellway hires ex-brickie as group construction chief

James Griffin to oversee move to the Future Homes Standard and timber frame.
2 days ago

Persimmon under fire for delays to £10m relief road

West Suffolk Council serves Breach of Condition Notices after timetable slips again
2 days ago

BAM wins £33m Kent secondary school job

Replacement Swanley academy to be built at live school site
2 days ago

Aluminium cladding specialist collapses

Melton Mowbray-based firm worked for several main contractors
3 days ago

Brickwork contractor Lee Marley returns to profit

Affordable and rental homes demand lifts brickwork contractor
3 days ago

Housing contractor Durkan suffers second year of losses

More fire safety provisions tip firm into £3.9m loss
3 days ago

Farrans makes breakthrough on tricky tunnel job

Tunnel under Tees latest part of new £155m water pipeline job
3 days ago

Heidelberg buys aggregates and earthworks specialist B&A

Latest deal follows acquisition of Mick George
3 days ago

Contractor services