Partly Cloudy

Partly Cloudy

max temp: 11°C

min temp: 8°C

ESTD 1874 Search

Needham Market: Breheny invests £4m in new equipment and IT following contract wins

10:58 29 April 2014

John Breheny of Breheny Civil Engineers, left, with Richard Todd from Lloyds Bank.

John Breheny of Breheny Civil Engineers, left, with Richard Todd from Lloyds Bank.

Needham Market-based civil engineering firm Breheny has completed a significant investment in new plant and machinery, and upgraded IT infrastructure, after securing a £4million funding package from Lloyds Bank Commercial Banking to help accelerate its growth strategy.

Breheny, which was established in 1963 and is a member of the EADT/EDP Top100 listing of the 100 largest businesses in Suffolk and Norfolk, specialises in the construction and maintenance of highways and bridges, development groundworks and projects in the marine and energy industries.

In the past three months the company has secured £30m of new business, including a £14m contract to upgrade sections of the A24 road from London to the Sussex coast.

In view of its growing workload, Breheny recognised it needed to invest in state-of-the-art machinery including excavators and dumpers and to improve its IT operations.

John Breheny, chairman, said: “Confidence in the engineering industry has risen sharply in the past 12 months, and the business has capitalised on the opportunities this upturn has presented with a number of significant new contract wins in 2014.

“We switched to Lloyds Bank because we needed a facility that could provide substantial support for our growing order book and would be suitable to support our expansion aspirations, and the bank has shown a thorough understanding of the business and proactively provided relevant solutions for our plans.”

Breheny will also use the funding to invest in its staff training and apprenticeship programmes, to help support its long-term strategy to expand into new markets including the rail industry. The business, which has 350 employees, has taken on two new engineering apprentices this year and will have a number of new job opportunities available over the next 12 months.

Richard Todd, relationship director at Lloyds Bank Commercial Banking, said: “There are already tangible signs that the business is benefiting from the upturn in the economy, as its robust management team has a clear long-term growth strategy. This funding headroom will give the business the ability to build further on its latest contract wins, whilst also providing it with the opportunity to invest in young people to help address the skills gap emerging in the sector.”

Search hundreds of local jobs at Jobs24


Welcome , please leave your message below.

Optional - JPG files only
Optional - MP3 files only
Optional - 3GP, AVI, MOV, MPG or WMV files

Please log in to leave a comment and share your views with other East Anglian Daily Times visitors.

We enable people to post comments with the aim of encouraging open debate.

Only people who register and sign up to our terms and conditions can post comments. These terms and conditions explain our house rules and legal guidelines.

Comments are not edited by East Anglian Daily Times staff prior to publication but may be automatically filtered.

If you have a complaint about a comment please contact us by clicking on the Report This Comment button next to the comment.

Not a member yet?

Register to create your own unique East Anglian Daily Times account for free.

Signing up is free, quick and easy and offers you the chance to add comments, personalise the site with local information picked just for you, and more.

Sign up now

Sandy Jackson - Mark Westley Photography

British Gas has been forced to backtrack after repeatedly billing a 91-year-old great-grandmother for hundreds of pounds more than she owed.

Terry Hunt, editor of the East Anglian Daily Times, left, and Boshor Ali, chairman of the Bangladeshi Support Centre (BSC), right, with other supporters of the Suffolk BME Business Awards from Ipswich Borough Council, Suffolk Chamber of Commerce, the University of Suffolk and the BSC.	
Photo: Nigel Brown

More than 40 nominations have been received for the inaugural Suffolk BME (Black and Minority Ethnic) Business Awards.

Tim King, group fleet manager at Turners (Soham), left, takes delivery of the firm's newest truck from Eddie Hennessy, regional manager of DAF Trucks UK, representing regional dealership Chassis Cab. 
Photo: Keith Mindham Photography

Suffolk-based logistics company Turners (Soham) Ltd has reported increased annual revenues and profit, and says it is “well placed” for further success despite competitive market conditions.

Ian Thoroughgood, associate director at Grant Thornton in Ipswich, with Jonathan Agar, chief executive of Birketts.

Business advisers firm Grant Thorton is to unveil its 15th “Suffolk Limited” report next month on how the county’s leading businesses have performed over the past year.

Colleagues at Care UK's Peninsula NHS Treatment Centre.

Colchester-based Care UK is celebrating after one of its nine NHS treatment centres across the country achieved an overall “Outstanding” rating from the Care Quality Commission (CQC).


Show Job Lists

Most read

Most commented

Topic pages


Newsletter Sign Up

Sign up to the following newsletters:

MyDate24 MyPhotos24