Overcast

Overcast

max temp: 18°C

min temp: 14°C

ESTD 1874 Search

The pigs have arrived. See the latest

Pigs Gone Wild

news here.

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.

www.matthewwalkerphotography.com

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.”

0 comments

Welcome , please leave your message below.

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

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

Filming for the new BBC comedy drama 'Detectorists' in Framilngham. Mackenzie Crook on the set.

Film firm which has worked on Star Wars, The Apprentice, BFG and Jason Bourne films hopes to bring blockbusters to Suffolk

New Anglia Local Enterprise Partnership, together with Norfolk and Suffolk Chambers of Commerce, host a business engagement events at UCS, to give businesses in the East the opportunity to learn more about the benefits of devolution. 
Panel of speakers Chris Starkie Chris Bally Dr Peter Funnell Andy Wood OBE Mark Pendlington answer relevant questions

Business leaders from across east Suffolk have come together to back proposals for the region to get more devolved powers from the government.

A BT Openreach engineer at work.

East Anglian business leaders have renewed calls for better broadband after Ofcom published its proposals to make its Openreach division a “distinct company” within the BT group rather than face a full sell-off.

Stock image. The road closure along the B1113 has been lifted five weeks early, meaning motorists will no longer see diversion signs.

A road closure that threatened to disrupt summer trade for a number of businesses in mid Suffolk has been lifted five weeks early.

Joint chief executive for the East of England Co-op Minnie Moll has been appointed by HRH The Prince of Wales as his ambassador for responsible business in the East of England.

A retail boss has scooped a royal accolade.

HOT JOBS

Show Job Lists

Most read

Most commented

Topic pages

Streetlife

Newsletter Sign Up

Sign up to the following newsletters:

Great British Life

Great British Life
MyDate24 MyPhotos24