Build UK chairman buys out concrete flooring firm

Grant Prior 8 years ago
Share

The joint-chairman and director of trade body Build UK has completed the management buyout of Stanford Industrial Concrete Flooring Ltd.

Kevin Louch has worked at the West Bromwich based firm since 1998 and became managing director nine years ago.

Louch  has bought the £30m turnover business from founders Cliff and Barbara Stanford.

The high tolerance concrete flooring specialist recorded turnover in excess of £30m in the last financial year.

Cliff Stanford said: “Kevin has been with us for nearly twenty years and has done a fantastic job in the day-to-day running of the business.

“Now that we have decided to retire, we feel we are leaving the company in a safe pair of hands with solid foundations in place for it to grow even further in the coming years.”

Louch said: “This deal represents a really exciting opportunity to continue to grow the business in what is a highly competitive logistics and warehouse environment.

“Client demands are ever changing, so our focus is to stay on top of the latest technologies and training methods to ensure we remain the UK’s leading concrete flooring specialist.”

Latest news

Gilbert Ash to be sold to staff

£267m turnover contractor to transition to an Employee Ownership Trust
5 hours ago

Cardo seals deal to save 100 jobs at Breyer roofing arm

Private equity-backed Welsh maintenance group continues to expand
7 hours ago

Czech energy tycoon buys UK’s biggest rebar supplier

Spanish offload Celsa UK operation to be rebranded 7 Steel UK
14 hours ago

Caddick Construction targets £400m turnover

Regional shake-up pays off at contracting arm
1 day ago

Redrow chief steps down after Barratt merger

Matthew Pratt leaving after 22 years
1 day ago

United Living names new property services senior team

New CEO and COO appointed to lead growth in housing upkeep and retrofit
13 hours ago

Wynne triples turnover in three years to over £90m

Five-year growth strategy pays off
14 hours ago

Speedy Hire blames Budget for branch closures

National Insurance rises accelerate closure programme
14 hours ago

Builder gets suspended sentence for Covid loan fraud

M&E specialist inflated turnover to claim maximum loan
15 hours ago

Scores of M&E firms win places on £400m CHIC framework

Axis Europe and Seddon secured spots on social housing deal
2 days ago

Coroner hears how worker was crushed under digger

Inquest opens into tragedy at Rose Builders site
2 days ago

Billington lowers 2025 forecast amid pricing pressure

Tender prices under pressure due to project delays and cancellations
2 days ago

Willmott Dixon lands Dover town centre revamp

Alliance agreed to regenerate several key council sites
2 days ago

Go-ahead for London City office-to-flats scheme

Hub's 150 Minories job in Aldgate to create 280 co-living homes
2 days ago

Wates mobilises as £200m Middlesbrough scheme approved

Gresham Street scheme includes a hotel, 240 flats and over 400 student rooms
2 days ago

Crashed M&E contractor TNA owed supply chain £7m

Sister company buys assets including company vans
3 days ago

Renaker eyes bumper 2025 despite Gateway 2 concern

Strong construction pipeline to support another record year
3 days ago

Wessex Water picks civils firms for £65m framework

Over 40 smaller firms will support AMP8 civils spending programme
3 days ago

Green light for nearly 400 flats at Leeds scheme

Three blocks up to 18 storeys approved at Armley Road
3 days ago

Subcontractors wanted across South London

Work up for grabs from main contractors and clients: Register now for Constructionline event
3 days ago

Heavy lorry ban on Severn Bridge as cables deteriorate

Crossing "not designed and built for today’s levels or weight of traffic"
3 days ago

Muse submits Oldham town centre regeneration plan

Plan advances for six sites to deliver 2000 homes, an hotel and office space
6 days ago

Construction returns to growth after two tough months

Concern grows Trump turmoil is spooking property investors
6 days ago

Skanska wins £43m Clifton Bridge deal

Contractors says scheme is a "complex project that will be delivered to tight timescales"
6 days ago

Green light for 44-storey Manchester resi tower

Developer Glenbrook to start hunt for main contractor
6 days ago

Ten win £670m Network Rail eastern region small works deal

CK Rail, QTS, Colt and Construction Marine pick up two lots
6 days ago

Mears aims to dominate in compliance and housing upkeep

Firm hails 100% rebid success on a slew of major contract renewals
6 days ago

Investigation after two track workers hit by wagon

Accident in Glasgow during engineering possession
6 days ago

Durkan finance chief joins house builder Thakeham

Paul Kimber confirmed as new Chief Financial Officer
6 days ago

Water win sees Mott MacDonald Bentley hunt for new staff

Recruitment event for the South of England: Register now
6 days ago

Contractor services