{"id":39142,"date":"2018-03-06T11:00:02","date_gmt":"2018-03-06T11:00:02","guid":{"rendered":"https:\/\/www.pbctoday.co.uk\/news\/?p=39142"},"modified":"2018-03-06T11:00:02","modified_gmt":"2018-03-06T11:00:02","slug":"mcavoy-announces-record-year","status":"publish","type":"post","link":"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/mcavoy-announces-record-year\/39142\/","title":{"rendered":"McAvoy announces record year & \u00a320m of new projects"},"content":{"rendered":"

The McAvoy Group, one of the UK\u2019s leading offsite construction specialists, has announced a record financial year, accomplishing a 10% growth in turnover to \u00a360m<\/h2>\n

The business is on track to achieve its target of \u00a3100m turnover by 2020 and its \u00a310m investment programme is now well underway.<\/p>\n

McAvoy has also announced it is working on over \u00a320m of new projects which consist of office schemes for the Homes and Communities Agency in Northstowe, Cambridgeshire and projects for two pharmaceutical companies. The Group is also progressing new building contracts at Eden Girls School in Walthamstow and King Alfred\u2019s Academy in Wantage, Oxfordshire.<\/p>\n

Commenting on the record financial performance this year, Eugene Lynch, Managing Director of The McAvoy Group<\/a> said:<\/p>\n

\u201cWe have further strengthened the business in a number of areas \u2013 from new board appointments to our skills growth training programme. We have continued to increase staffing levels to support our expansion and are building on our market-leading success in the education buildings sector with diversification into offsite solutions for transport and infrastructure, student accommodation, housing and healthcare projects. These factors have all contributed to a record year in both revenues and profit and are a testament to the hard work of our teams across the business.\u201d<\/p>\n

Lynch added: \u201cWe wholeheartedly support the Government\u2019s commitment to prioritising the use of offsite manufacturing and modern methods of construction<\/a> to improve the cost effectiveness, productivity and speed of construction delivery. There is still a clear need for transformation in the construction sector to make it more efficient, faster, more sustainable and to apply better use of technological advancements such as digital construction. Despite numerous calls for change, the construction industry is still fraught with financial instabilities, delays, budget overruns and substandard quality.<\/p>\n

\u201cWhat is very reassuring for our business, our customers, and construction partners, is just how far offsite has come \u2013 an example being the award-winning \u00a320m Lynch Hill Enterprise Academy, one of the UK\u2019s largest secondary schools to be built offsite. The early delivery and build quality of this scheme demonstrates how we are already well on the way to meeting the Government\u2019s 2025 targets and we look forward to playing our part in helping the building industry maximise the opportunities for change.\u201d<\/p>\n

The Group\u2019s achievements in the last 12 months have included:<\/p>\n