Long-established residential and commercial building contractor

Project Vermilion continually delivers high-quality construction projects, utilising its broad in-house skillset to effectively realise new-build, refurbishment and redevelopment projects.

The company’s end-to-end process encompasses the conceptual design, site management and handover of each scheme; consistent communication with clients and other parties underpins every stage.

The business has extensive experience in delivering social housing schemes, also working on private residential housing projects, apartments, conversions and refurbishments, healthcare facilities, offices, commercial properties, and warehouses.

Key Highlights

– Holds numerous industry accreditations and certifications, including from the LABC, the NHBC, Constructionline, CIOB, CHAS and ISO 9001, 14001 and 45001.

– Places sustainability at the forefront of its activities, including a focus on the redevelopment of brownfield sites.

– Many active clients, comprising housing associations, local authorities, housebuilders, property developers and local businesses.

– Management succession offers a turnkey opportunity; the managing director can absorb the chairman’s role, and several senior managers can move into director positions.

– Operates from leasehold premises. The centralised location facilitates easy access to clients’ sites throughout the region.

– Ideally placed to capitalise on new Government initiatives pertaining to housebuilding and the wider housing market.

Financial Highlights

– Generated a YE23 turnover of £13.5m, with an adjusted EBITDA of circa £1m.

– Projected to achieve a YE25 turnover of £15.5m and an adjusted EBITDA of £1.3m.

– Over £12m in contracted sales already in place for YE25.

– Approximately 90% of clients reappoint the business for ongoing projects, and numerous key relationships have been retained for decades.

– Listed on numerous framework and DPS agreements.