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Profits double at Red Construction
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News – Construction Enquirer
Main contractor RED Construction Group has seen profits double on the back of a 50% increase in turnover.
RED has recently restructured its leadership team with a target of hitting £200m in turnover this year as it expands into the East of England and the Midlands.
Continuing to lead strategy is CEO Graham Sturge, while Derek Quinn has become COO of the Group, with James Devey to take on his former position leading the South West division.
Sam Hewitt moves to Group Commercial Director for the construction business allowing Jon Hayes to assume the wider Group’s CCO role covering all subsidiaries.
Sturges said: “I’m proud that we’ve grown RED Construction Group into a settled and mature business, delivering year-on-year growth through a sustainable and controlled strategy.