Barnfield Construction have had a record April so far winning 4 multi-million pound projects in one week. The prestigious deals will increase projected 2015 turnover of £60 million to £72 million.
The first of the four transactions came to fruition after on-going discussions with existing tenant, BCW Engineering, were resolved. Barnfield have agreed a contract with BCW to refurbish an additional 30,000 sqft of industrial space for them at the former Michelin Tyre factory site.
This will increase BCW’s total premises to 90,000 sqft at Barnfield’s Innovation Drive development in Burnley, which they moved into at the end of last year.
At Barnfield’s latest business park in Salford, Solomon Commercial have committed to the first 20,000 sqft plot at Agecroft Commerce Park that Barnfield recently purchased for development from the HCA.
The investment will be split into 4 industrial units from 4,000 sqft and the space will be available to let later this year.
Continuing the success on the tendering side of the business, Barnfield were successful in their submission after a thorough tendering process with Trilanco, the UK’s largest animal health and equine products wholesaler.
Work will start on site in summer developing a brand new £5.5 million, 100,000 sq ft distribution centre with 3 storey offices in Kirkham.
Finally, Barnfield also won a £1.3 million contract to build their second Home Bargains Store in Liverpool. Barnfield completed their first project in Burnley for the discount retailer just over a year ago.
Tim Webber, Chairman and Managing Director of Barnfield Construction commented
“We’re absolutely delighted with the 4 contract wins that have been agreed in such short succession. The equal mix of development and contracting work ensures our order book for this year is in an extremely health position.
We have seen a big upturn in activity after the last 6/7 years of difficult market conditions and with our highly skilled and strong core team we are well placed to take advantage of this. We’re definitely starting to see the light at the end of the tunnel.”