Focus on care homes paying off for Kori Construction

Grant Prior 10 months ago
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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.”

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