Overcast

Overcast

max temp: 14°C

min temp: 9°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.

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.

shares

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.”

shares

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

Fire crews rescue the man in Rumburgh - photo Jane Davis

A driver is lucky to have escaped after his car careered off the road and into a pond in Rumburgh, say eyewitnesses.

There are around 17 miles of tailbacks on the northbound A12 this evening.

A property in Leavenheath was burgled on Monday.

Police are appealing for information after a man who exposed himself to a 16-year-old boy on Tuesday.

Nowton Park daffodils. Pictured is George Cole.

March winds and April showers should give a very traditional flavour to the weather over the next few days as youngsters across Suffolk start their Easter school holidays.

The Charlatans' frontman Tim Burgess is looking forward to returning to V Festival this year

The Charlatans are among the latest names added to this year’s V Festival.

Staff at Sainsbury's on Woodbridge Road Andrew Rodger (left) and Martin Palman with youngsters at Noah's Ark Pre-School taking part in a fundraising 'bunny bounce' to raise money for a better outdoor play area and staff Sam Chambers (front L to R) Sophie Woodward and Sue Woolard.

Dozens of toddlers have helped an Ipswich pre-school raise funds to improve its outdoor play area – by taking part in a ‘Bunny Bounce’ challenge.

Hollesley.

Opposition has been voiced over proposals to use part of the grounds of a residential home for nine properties, including much-needed affordable housing.

The design of the proposed new clifftop shelter at Felixstowe - a replacement for an earlier modernistic design labelled as a monstrosity by some councillors.

Proposals for a new clifftop shelter labelled by a community leader as a “monstrosity” have been ditched in favour of a more traditional design.

Enthusiasts at Bawdsey Transmitter Block at Bawdsey Manor to mark the 80th anniversary of the Daventry Experiment which proved radar was possible. A £1.4m lottery bid has been lodged to preserve the old radar station.

Enthusiasts have submitted an application to the Heritage Lottery Fund for grant aid towards a £1.4million project to preserve one of Britain’s most precious pieces of war-time history and turn it into a major attraction.

Most read

Most commented

Topic pages