Welcome to Galliford Try's Press Centre. This section contains our most recent press releases, publications, videos and details of our press contacts.

Press Releases

Thursday, 23 April 2015 @ 12:53

Building Awards recognise Greg Fitzgerald’s contribution to the industry

Building magazine has recognised Galliford Try’s Executive Chairman, Greg Fitzgerald, at its 21st consecutive Building Awards held on 22 April at the Grosvenor House Hotel, London. 

 

The awards are widely recognised as the sector’s most prestigious awards for excellence. Its 21 categories celebrate innovation and excellence in construction from individual projects to training and outstanding individuals. 

 

Greg received the ‘Chief Executive of the Year’ award which specifically recognises an individual who has demonstrated “excellence in management, being a driver of innovation and fostering a culture in their organisation as well as influencing the industry”. 

 

Sarah Richardson, Editor of Building and chair of the judging panel for the 2015 Building Awards, said: “Our judges named Greg Fitzgerald as Chief Executive of the Year in recognition of the fantastic job he has done in growing Galliford Try into the industry giant that it is today - both over the past year and throughout his time at the helm of the firm.

 

“The acquisition of Miller Construction last year underpinned this transformation; and in the judges’ view was a fitting cap to a career that has seen Greg win a deserved reputation both as one of the industry’s most determined leaders, and one of its most respected characters.”

 

Commenting on the award, Greg said: “The past year has been one of significant growth and change for Galliford Try. It is an honour to have been selected for this award by the judging panel and while I have done my part, it is the collective effort of all our employees that has ensured our success.”

 

Linden Homes was additionally shortlisted for the title of ‘Housebuilder of the Year’ having demonstrated “high levels of community engagement, dedication to sustainability”, and for “delivering quality, design and innovation”.

 

The judging panel was made up of senior industry figures, including directors from companies across the industry, leading construction clients, and city analysts. The event was attended by more than 1,200 industry leaders across all areas of construction.

 

You can find information on past winners of the award here http://www.building-awards.com/ and learn more about the Group’s awards here >>>

Wednesday, 22 April 2015 @ 09:10

Galliford Try Appointed Preferred Bidder for Scottish Water Framework Worth c £560 Million

Galliford Try plc, the housebuilding and construction group, announces that its infrastructure business has, in joint venture with MWH Treatment and Black & Veatch, been appointed as preferred bidder by Scottish Water for its non-infrastructure Quality and Standards IV framework. The framework starts immediately and runs for six years.

The appointment is anticipated to be worth approximately £560 million to the joint venture called ESD (Efficient Service Delivery). Works will include design and build projects, both new-build and capital upgrades, for the client's water and wastewater treatment programme.

Greg Fitzgerald, Executive Chairman of Galliford Try, commented: "We are delighted to have secured such a substantial amount of long-term business in a key sector for us. We look forward to building on our relationship with Scottish Water and bringing the benefit of our experience of collaboration across the UK water sector to Scottish Water and its customers."

For further enquiries:

Galliford Try -                 Greg Fitzgerald, Executive Chairman                   01895 855001

                                       Graham Prothero, Finance Director

Wednesday, 15 April 2015 @ 09:13

Irish Dancer Ciara performs at Galliford Try site

Professional Irish Dancer and former world champion Ciara Sexton has released the final chapter of her Fwd; Development trilogy of performances, filmed at leading construction company Galliford Try’s Earlsdon Retirement Village site in Coventry.

 

Ciara, the current female lead in Riverdance and former lead in Lord of the Dance, has been working with director Alex Taylor from Mindsweep Media to create three new performance pieces, taking Irish dancing away from its traditional staged format and into fresh and exciting territory.

 

For the final piece of the trilogy Ciara and Alex, both Coventry natives, chose the Earlsdon site to showcase the skyline of their hometown.

 

The Earlsdon Retirement Village project will create 262 apartments for affordable rent and sale, as well as a full range of communal facilities for over 55s in Coventry. It is the sixth retirement village scheme that Galliford Try has constructed on behalf of client Extra Care Charitable Trust.

 

Ciara Sexton said: “It was important for myself and Alex to complete the trilogy in Coventry and I was delighted that Galliford Try was able to help out. Irish Dancing has been everything to me and I hope that this trilogy of films demonstrates that passion to dance and how as an artform it is so much more than the traditional performance that everybody identifies it with.”

 

Galliford Try Senior Project Manager, Kevin O’Brien, said: “We were more than happy to help Ciara and Alex realise their vision and complete their filming at the Earlsdon site. The Retirement Village will be a significant addition to the Coventry skyline so it was a fitting place for them to choose to promote the city.”

 

The full video of the performance can be found at:

https://www.youtube.com/watch?v=yhR92g3fuXw

 

For further enquiries please contact:

Ben Kunicki - PR Manager, Galliford Try                         01895 855153

                                                                                 07918 759283

Tuesday, 31 March 2015 @ 07:54

Galliford Try Appointed to £69 Million Riverside Quarter Development

Galliford Try plc, the housebuilding and construction group, announces that it has reached agreement with Frasers Property on the next phases of the Riverside Quarter residential development in Wandsworth.

Frasers has appointed Galliford Try to construct the next three phases of the project, worth £69 million in total to the business. Phases 5C and 5D consist of two new blocks, which will include 99 apartments for sale and an additional 50 affordable homes. Phase 6A will create a new 13 storey block providing 51 new apartments for sale and 36 affordable homes together with additional commercial units and extensive landscaping, in a much sought after residential area in South West London.

Galliford Try Executive Chairman Greg Fitzgerald commented: “Long-term relationships with valued clients are a key part of our construction strategy and we are delighted to have been able to reach agreement with Frasers to continue our partnership on such a prestigious residential development in a prime London location.”

For further enquiries:

Galliford Try -                Greg Fitzgerald, Executive Chairman                  01895 855001

                                    Graham Prothero, Finance Director

Wednesday, 18 March 2015 @ 09:29

Galliford Try Appointed To Two Major Public Sector Frameworks

Galliford Try plc, the housebuilding and construction group, announces it has been appointed to two major public sector construction frameworks in the South and North West of England.

Firstly, Galliford Try has been selected as one of six contractors featuring on all three lots of the Southern Construction Framework, covering the South West, South East and London - a further two contractors have been selected for two regions, and two more for just one region.

The four year framework is worth up to £3.9 billion for publicly procured projects from £1 million upwards in value. The framework is open to all public bodies and local and central government in the Southern region to deliver individual projects or programmes including new build and refurbishment of buildings.

Secondly, Galliford Try has also been confirmed as one of 11 contractors on the Medium Value lot (projects from £2 million to £9 million) of the North West Construction Hub worth up to £400 million over four years. Galliford Try was previously appointed to the High Value lot (projects upwards of £9 million) of the framework in July 2014. The framework again provides a procurement platform for construction services to public sector bodies across the North West.

Galliford Try Executive Chairman Greg Fitzgerald commented: "We are delighted that our strategy of pursuing frameworks with public sector partners continues to bear fruit. Long-term collaboration is a cornerstone of our Building business and we look forward to working with all those organisations involved in these frameworks to produce high-quality public buildings that add to the fabric of the nation."

For further enquiries:

Galliford Try - Greg Fitzgerald, Executive Chairman 01895 855001
                      Graham Prothero, Finance Director

Wednesday, 11 March 2015 @ 10:08

Galliford Try Reaches Close On £186 Million In Education Contracts

Galliford Try plc, the housebuilding and construction group, announces it has reached financial close with the Education Funding Agency (EFA) over the Priority School Building Programme (PSBP) batch for North East England and with Flintshire Council for the Holywell Learning Campus in North Wales.

The £160 million PSBP contract represents a considerable milestone for Galliford Try and the EFA, becoming the first batch funded by the Government's new Private Finance - model 2 (PF2) aggregator model to reach financial close in the country.

The construction contract is worth over £103 million, with a further £56.6 million coming through a 25-year maintenance and lifecycle contract for Galliford Try's Facilities Management business. The programme will provide new, purpose-built facilities which will benefit more than 8,350 pupils across the region, as well as providing 188 nursery places. A total of six new secondary schools will be constructed along with six primary schools. In line with our PPP strategy Galliford Try Investments will retain an equity stake in the project.

The project is part of the wider PSBP, a centrally managed programme set up to address the needs of the schools most in need of urgent repair. Through the programme, 260 schools will be rebuilt or have their condition needs met by the Education Funding Agency (EFA).

In addition, Galliford Try's Building business has signed contracts with Flintshire Council to build the Holywell Learning Campus in North Wales, as part of the Welsh Government's 21st Century Schools programme.

The £26 million project was procured through the North Wales Schools and Public Buildings Contractor Framework and creates new primary and secondary schools, with the single storey primary school offering 315 pupil places, replacing the current local infants and junior schools. The three storey secondary school will offer 600 places and replace the existing High School on the site.

Galliford Try Executive Chairman Greg Fitzgerald commented: "It is tremendous news for our business to have reached financial close on these two significant education contracts. Our ability to conclude the contract with the EFA successfully demonstrates the strength of our Investments business in offering innovative solutions to unlock projects, while the Holywell contract is proof of our excellent construction offering in education and our growing prominence in the North Wales market."

For further enquiries:

Galliford Try - Greg Fitzgerald, Executive Chairman 01895 855001
                     Graham Prothero, Finance Director

Wednesday, 18 February 2015 @ 07:00

Galliford Try Plc Half Year Report for the Six Months to 31 December 2014

GALLIFORD TRY PLC - HALF YEAR REPORT FOR THE SIX MONTHS ENDED 31 DECEMBER 2014

CONTINUING STRONG PERFORMANCE: DISCIPLINED GROWTH AND DIVIDEND ENHANCEMENT

Financial H1 2015 H1 2014 Change
Group revenue ¹ £1,085.4m £803.5m +18%
Profit before tax £42.5m £38.1m +18%
Earnings per share 42.0p 36.8p +18%
Dividend per share 22.0p 15.0p +25%
Net debt £35.9m £85.9m + £27.7m
Group return on net assets ² 20.1% 17.1% + 2.2 ppts
       
Profit before tax, pre-exceptional ³ £45.9m £38.0m +21%
Earnings per share, pre-exceptional ³ 45.5m 36.7m +24%

Group

  • Record results and excellent progress on our disciplined growth strategy to 2018.
  • Interim dividend up 47%, reflecting our strong performance.
  • Further enhancement of our progressive dividend policy aiming to reduce cover from 1.7x to 1.5x.
  • Net debt of £35.9 million (H1 2014: £85.9 million), despite the increase in the landbank.
  • Existing £400 million unsecured bank facility extended to 2020 on improved terms; new £100 million interest rate hedge.
  • Successful completion of integration of the Miller Construction business.

Housebuilding

  • Linden Homes revenue up 5% to £346.1 million (H1 2014: £328.2 million) from 1,364 unit completions, 1,278 units net of joint venture partner share (H1 2014: 1,300 and 1,230 respectively).
  • Linden Homes operating margin rose to 15.1% (H1 2014: 13.5%), including planned land sales, in line with both our strategy and our margin enhancement programme.
  • Galliford Try Partnerships revenue, including both contracting and mixed tenure, up 56% to £157.6 million (H1 2014: £100.9 million) generating an operating margin of 2.3% (H1 2014: 1.9%).
  • Strong Galliford Try Partnerships contracting order book of £650 million (H1 2014: £500 million) which excludes the appointment as preferred developer for the £360 million Silvertown Way development in Canning Town.
  • Total sales currently reserved, contracted and completed across Linden Homes and Galliford Try Partnerships of £747 million (H1 2014: £744 million).
  • Record landbank of 14,300 plots with the land market continuing to be positive. 100% of land secured for 2016 and 70% of land secured for 2017.

Construction

  • Construction margin of 1.0% (H1 2014: 1.4%, FY 2014: 1.0%) in line with our expectations as we work through historical projects, and helped by the Miller Construction acquisition.
  • Exceptional order book at £3.25 billion (H1 2014: £1.25 billion) and further visibility of an excellent pipeline of opportunities. 100% of projected revenue now secured for the current financial year with a record 75% secured for 2016 (31 December 2013: 100% and 65% respectively).
  • Strong cash balance of £158.0 million underlining the robust performance of the business (H1 2014: £121.5 million).

Greg Fitzgerald, Executive Chairman, commented:

"We are very pleased with the Group’s strong performance in the six months to 31 December 2014 with our housebuilding and construction businesses both performing well, and are encouraged by the start we have made to the second half of the year.

Linden Homes’ sales rate has increased since 1 January 2015. Housing market conditions remain good and we are optimistic about the prospects for a number of recent and forthcoming sales outlets. Our Partnerships business continues to see exceptional demand for contracting in the affordable housing market and the development business is growing in line with plan. Our enlarged Construction business has a record order book of £3.25 billion with the Miller Construction integration now completed.

We are making good progress with the search for a new Chief Executive.

We have increased the interim dividend by 47% and, reflecting our continuing confidence in the delivery of our disciplined growth strategy, we are further enhancing our dividend policy."

For further enquiries:

Galliford Try      Greg Fitzgerald, Executive Chairman     01895 855001
                         Graham Prothero, Finance Director               

Tulchan Communications   Christian Cowley, James Macey White, Giles Kernick   020 7353 4200

Galliford Try will hold its half year results presentation for analysts and institutional investors at 09:30 am on Wednesday 18 February 2015 at The London Stock Exchange, 10 Paternoster Square, London, EC4M 7LS. A live audio webcast will be available at www.gallifordtry.co.uk/investors with a recording available later.  A video interview with Graham Prothero, Finance Director, on the results will be available at www.gallifordtry.co.uk.

¹  ‘Group revenue’ excludes share of joint ventures of £39.2 million (H1 2014: £32.5 million). ‘Revenue’ where stated throughout this half year report includes share of joint ventures.

²  Group return on net assets represents profit before tax, exceptional items, finance costs and amortisation divided by average net assets.

³   Exceptional costs in 2014 of £3.4 million relate to the integration of Miller Construction.

Thursday, 12 February 2015 @ 08:39

Galliford Try Reaches Agreement on £40 Million Headquarters for Northamptonshire County Council

Galliford Try plc, the housebuilding and construction group, announces its Building business has reached financial close on the new landmark headquarters for Northamptonshire County Council in a contract worth £40 million.

The new 17,600 sqm four-storey building is part of a strategy to consolidate the Council's existing offices, and regenerate an area on the south side of Northampton town centre as part of the Northampton Alive initiative. In addition to the office space and car parking, a café will be created together with extensive hard landscaping around the site.

Galliford Try Executive Chairman Greg Fitzgerald commented: "We are delighted to have been appointed to such a significant project for Northamptonshire County Council. Our presence within the East Midlands region continues to grow and we look forward to delivering high quality facilities for the Council's staff and the local people accessing their services."

For further enquiries:

Galliford Try - Greg Fitzgerald, Executive Chairman 01895 855001
                     Graham Prothero, Finance Director

Thursday, 29 January 2015 @ 08:58

Galliford Try Secures Extra Care Contracts worth Combined £72 Million

Galliford Try plc, the housebuilding and construction group, through its Partnerships business announces that it has been successfully appointed to four new major contracts in the extra care and affordable housing sectors, worth a combined £72 million.

Firstly, Partnerships has signed contracts with the ExtraCare Charitable Trust (ECCT) for its new £36 million retirement village set in five acres of land on the former MG Rover plant in Longbridge, south west of Birmingham.

The new development will create 260 apartments (105 one-bed and 155 two-bed apartments) for the over 55s and feature a village centre that includes a village hall, bar, restaurant, gym, IT suite, hair and beauty salon and shop. The project marks the sixth development of this kind that Galliford Try has constructed for the ECCT.

Secondly, financial close has been reached on the £18 million scheme to build the new 135-bed 'Village 135' extra care facility for Wythenshawe Community Housing Group.

The project consists of two sites connected by a glass-enclosed pedestrian walkway and will provide a range of facilities for residents including a salon, cafeteria and main kitchen, a winter garden and roof terrace with planting area. The scheme will provide a mix of 66 apartments for affordable rent, 39 apartments for shared ownership and 30 apartments for outright sale.

Finally, One Housing Group has appointed Galliford Try to two new contracts that will deliver the Protheroe House (£9.2 million) and Pretoria Road (£9 million) developments in North London.

The Protheroe House scheme will create a 50-bed extra care facility in Haringey including a large communal garden, roof terrace, hobby room and well-being centre as part of the development. The Pretoria Road project will see the construction of 44 one-bed and eight two-bed properties in Hackney. Eight of the homes are specifically designed to be dementia friendly.

Galliford Try Executive Chairman Greg Fitzgerald said: "Galliford Try's track record in extra care developments is second to none and we are delighted that the ExtraCare Charitable Trust, Wythenshawe Community Housing Group and One Housing Group have placed their trust in us to deliver the high quality facilities their customers deserve."

For further enquiries:

Galliford Try -                 Greg Fitzgerald, Executive Chairman                   01895 855001

                                     Graham Prothero, Finance Director

Tuesday, 13 January 2015 @ 08:49

Galliford Try Reaches Agreement On £31.2 Million Greenfaulds High School

Galliford Try plc, the housebuilding and construction group, announces that its Morrison Construction business has achieved financial close on the £31.2 million Hub South West Scotland Ltd contract for North Lanarkshire Council to build the new Greenfaulds High School as part of the Council's Schools and Centres 21 scheme.

Morrison Construction will carry out the construction, providing a like for like replacement of the existing high school in Cumbernauld.  In addition Galliford Try will invest £0.7 million in the funding for the project. 

Galliford Try Executive Chairman, Greg Fitzgerald stated:  "The successful financial close of Greenfaulds High School follows closely behind the announcement by North Lanarkshire Council to award Morrison Construction a place on their £100 million framework. We look forward to working with the Council to create buildings that will serve the whole community, as well as significantly enhancing the facilities for education in the region."

For further enquiries:

Galliford Try -     Greg Fitzgerald, Executive Chairman       01895 855 001

                        Graham Prothero, Finance Director