At last week’s company update, Chairman Sean Fitzpatrick, Managing Director Laurence McKidd and Group Services Director Ciara Pryce talked about the progress VGC has made in 2015, and plans for next year.
Sean pointed out that VGC has done well, and sales in 2015 are expected to be around £55m. We have continued to thrive during the past seven to eight years, when the economy and the construction industry were in recession. The industry is now delivering contracts won in the depth of the recession, so everyone is looking for savings and margins are very tight.
Most major contractors have been reviewing their supply chains this year. Our team has worked hard to demonstrate how we meet their stringent criteria, and their success is shown in that VGC is among the few approved labour suppliers for a number of major contractors.
However tough it is out there, we maintain our professional attitude to delivering a quality service, so we are well placed to grow as the industry upturns. Sean thanked everyone for working so hard to help VGC be where it is today.
Laurence complimented those involved in some of our major contracts:
- We have nearly 60 people involved in the Edinburgh Glasgow improvement programme.
- East Kent was closed out within around 10 weeks of finishing – a pleasing result of a very positive relationship with client Atkins.
- The Mersey Gateway contract is going well.
- Numerous compliments have been received by teams on Crossrail and Thameslink.
- Nearly 60 people are working on the Siemens rail upgrade projects in north Lincs and Crewe.
- Thames Water complimented the work on London Power Tunnels.
The company has achieved or partially achieved 91% of the objectives set out at the 2013 management conference. The theme of this year’s conference was ‘teamwork’, and directors and senior managers have made personal commitments to improve our team working. The board will shortly agree the action plans for the next planning cycle.
Ciara thanked all those whose hard work has led to a number of awards:
- We have won recent subcontractor of the month safety awards at Bond Street and Heathrow.
- We expect shortly to be awarded the BS 50001 energy management system.
- Our graduate training scheme has been approved by ICE.
- VGC has also been shortlisted for the UKRIA Training and Development award, which is testament to our work in passing on knowledge by those who have been with VGC for years. We have more than 50 apprentices doing NVQs at the moment. Our investment in time and resources will benefit VGC in the long term and position us well to deal with the impact of industry skills shortages.
Ciara thanked the fundraising committee for their hard work in raising over £7,000 to date for charity Bloodwise. Numerous activities included the successful fundraising race night. She announced that we will continue to support Bloodwise in 2016.
She discussed how we are trying to improve our communications, and discussed how our corporate style will help to keep our communications consistent. Ciara also encouraged everyone to follow and like VGC on social media.
The company’s 2016 corporate objectives were discussed, and the meeting ended with Sean’s presenting long-service awards to Patrick Alexander and Mike Buckingham.