Structural Steel Design Awards 2019

The 2019 Structural Steel Design Awards were held on Tuesday 1 October. This was the 51st year for the award ceremony, which is dedicated to showcasing the amazing achievements that can be created from structural steel – with a focus also being on the architectural design.

The Awards

All 20 entries on the shortlist were scored highly for each projects ‘efficiency, cost-effectiveness, aesthetics, sustainability and innovation’.

Severfield received awards from the BCSA for Tottenham Hotspur, Coal Drops Yard and Wimbledon No.1 Court.

Tottenham HotspurSSDA Awards

 

 

 

 

The Tottenham Hotspur project also received an award for ‘Project of the Year’.

Our Chiswick Park Footbridge project received a commendation from the judges too.

Also shortlisted for an award were Severfield projects Aga Khan Centre in London and Ely Southern Bypass.

Severfield is extremely proud to have worked on these iconic projects, having been fortunate to provide a large range of services on each, including; overall design input, temporary works design, innovative edge protection systems, fabrication and erection of steelwork.

SSDA Awards

 

 

 

 

 

 

 

 

 

 

To win three of the five awards, along with the ‘Project of the Year’ award and a commendation is an exceptional result for us and is testament to the dedication, support and remarkable skills of every one of our employees involved.

SSDA Awards

 

 

 

 

 

 

 

 

 

 

Chairman of the Judges, Chris Nash said “Again, there has been a high number of quality entries to the Awards Scheme. This year there has been a greater variety in the types of projects entered for the scheme. Scales of entry range from the largest sports building projects, through prestige city and regional office buildings, to smaller educational projects. While there are no residential projects this year, we see an increase in high quality leisure sector projects and footbridges.”

He went on to say that “There are jaw-dropping achievements here, and beautiful gems. I believe everyone involved in the steel construction industry should be proud of what has been achieved, and I trust that the Structural Steel Design Awards reflect the quality of the achievement”.

SSDA Awards

Severfield’s acquisition of leading full-service structural steelwork business

Acquisition of Harry Peers & Co Limited, a leading structural steelwork business within the nuclear, process industries and power generation sectors

Harry Peers & Co Limited is a leading structural steelwork business within the nuclear, process industries and power generation sectors

Severfield plc, the market leading structural steel group, announces that it has entered into an agreement to acquire 100% of the share capital of Harry Peers & Co Limited (“Harry Peers”) a leading full-service structural steelwork business, for a net initial consideration of £18.0 million payable in cash on completion (the “Acquisition”). A performance-based deferred consideration is in place, which could increase the purchase price by up to £7.0 million, which would be payable in late 2020.

Highlights

  • The Acquisition will significantly expand and extend Severfield’s current capabilities into attractive complementary market sectors: nuclear, process industries and power generation. Combining the businesses will enhance Severfield’s position as the UK’s broadest structural steel services group.
  • For the 12 months ended 30 April 2019, Harry Peers achieved audited revenues of £21.2 million and profit before tax of £3.4 million. The value of the gross assets as at 30 April 2019 was £24.0 million.
  • The Acquisition consideration will be funded by a combination of cash reserves and a term loan.
  • The Acquisition is anticipated to be earnings enhancing in its first full year of operation.

Strategic rationale for the Acquisition

The Board of Severfield believes that the long-term investment profile of Harry Peers’s key market positions in the highly regulated markets of nuclear, process industries and power generation, enhances its areas of expertise and broadens its market exposure.

With the scale and capabilities of the Group, there are substantial opportunities to grow Harry Peers through a number of combined operational initiatives such as new business development functions for Harry Peers, European contract opportunities, and investment in technology-driven enhancements.

Harry Peers has also demonstrated capability in modular structural steel offerings, which Severfield will look to develop across its wider product range.

Harry Peers’s commercial markets

The nuclear sector, including both the defence and commercial sectors, in which Harry Peers commands a niche, well-established and trusted position with blue chip customers, is forecasted to grow through the UK Government’s decommissioning investment programme. The UK Government is forecasted to require a decommissioning budget of £164 billion over the next 120 years.

The process industries sector is wide ranging and includes pharmaceutical and petrochemical sectors. The installed base in the UK is extensive. Upgrades and development to operational sites provide ongoing opportunities for offsite modular solutions.

The power generation market, including energy-from-waste (“EfW”) plants, which contribute 5.57TWh of electricity per annum, is forecast to grow on the back of the world economy seeking alternatives to carbon fuels. The UK Government has set a target of 15% of final energy consumption from renewable sources by 2020, meaning that 30% of electricity production will have to come from renewable sources.

Acquisition consideration and earn out details

The net cash initial consideration of £18.0 million is on a cash free, debt free basis. The total initial consideration will be £30.4 million which includes company cash and cash equivalents of £12.4m. The initial consideration will be financed by a combination of cash reserves and a term loan. A performance-based deferred consideration is in place, which could increase the purchase price by up to £7 million if certain financial and operational targets are achieved for the period to 31 August 2020 that would be payable in late 2020.

Alan Dunsmore, Chief Executive Officer, Severfield commented:

“This acquisition will help Severfield continue to deliver on its strategic objectives. Harry Peers’s experience in specialist, highly regulated, non-cyclical markets will enhance our future growth plans through expanding the Group’s capabilities and sector reach.

“We believe Severfield is best placed to help Harry Peers continue its profitable growth trajectory, through increased scale and investment and together with Harry Peers’s strong management team we have a real opportunity to develop a broader position within the UK structural steel services market.”

Severfield annual results announced – 31 March 2019

Severfield plc, the market leading structural steel group, announces its results for the 12 month period ended 31 March 2019.

Continued operational and strategic progress, further profit growth, UK and Europe order book of £295m, India order book of £134m

Highlights

  • Revenue of £274.9m (2018: £274.2m)
  • Underlying* profit before tax up 5% to £24.7m (2018: £23.5m)
  • Underlying* basic earnings per share up 5% at 6.7p (2018: 6.4p)
  • Year-end net funds of £25.1m (2018: £33.0m) after payment of 2018 special dividend (£5.2m) and equity investment (£4.2m) in India to finance expansion of the Bellary factory
  • Total dividend increased by 8% to 2.8p per share (2018: 2.6p per share), includes proposed final dividend of 1.8p per share (2018: 1.7p per share)
  • Over 100 projects undertaken during the year in diverse market sectors including the new stadium for Tottenham Hotspur FC, the retractable roof for Wimbledon No.1 Court and a new commercial tower at 22 Bishopsgate
  • UK and Europe order book of £295m at 1 June 2019 (1 November 2018: £230m), including the first orders secured by our new European business
  • Share of profit from Indian joint venture (‘JSSL’) up 140% at £1.2m (2018: £0.5m)
  • Step change in Indian market position reflected in order book of £134m at 1 June 2019 (1 November 2018: £124m), expansion of the Bellary factory in progress

 

Severfield Annual Results March 2019

Alan Dunsmore, chief executive officer commented:

‘We are pleased to have delivered another year of good performance. Our UK and Europe order book of £295m contains a healthy mix of projects across a diverse range of sectors and we have made strategic progress in the UK, Europe and India.

There is now considerable positive momentum within the Group which, in combination with our cash generative nature and strong positions in our core markets, provides us with the platform for further operational and strategic progress. We remain on track to deliver on our strategic targets, including the doubling of underlying profit before tax to £26m by 2020 and we look forward to another positive year ahead.’

 

Severfield annual results announced – 31 March 2019
See the full press release on our RNS page here.

Apprenticeship opportunities at Severfield

Are you looking for an alternative to college or university?

Do you have the desire to learn a nationally recognised qualification?

Are you looking for a new career with a recognised market leader?

If the answer to the above questions is ‘yes’ Severfield (UK) Ltd may have the right apprenticeship for you!

Based in Horwich, Bolton, Severfield (UK) Ltd has been designing, fabricating and erecting structural steel for over 80 years and has been heavily involved in the modernising of the UK’s building infrastructure.

Severfield (UK) Ltd is looking to recruit several apprentices in Metal Fabrication for September 2019.

The apprenticeship will consist of a 4-year training programme involving in-house training and off-site tuition with Wigan and Leigh College.

 

 

 

If you have:

  • GCSE’s in Maths and English grades A* – C (or equivalent).
  • The drive to learn a new trade.
  • Interest in gaining a nationally recognised qualification.
  • The determination to take on a new challenge.

We would love to hear from you!

In return you will receive:

  • A starting weekly wage of £195 per week, with increasing annually
  • A world-class apprenticeship with the market leader in structural steel
  • Ongoing progression and development
  • A skill for life

Next steps:

If you are interested in applying for either of these apprenticeship roles, please submit your CV to us either via the indeed link or via our website and our People team will be in touch with you in the coming weeks.

If you have any specific questions in relation to this apprenticeship opportunity, please add these in your covering letter and we will respond accordingly.

We look forward to hearing from you.

Severfield installs last piece of steel at TwentyTwo London

Severfield has successfully installed the last piece of structural steelwork on project TwentyTwo, located at 22 Bishopsgate in the centre of London.

The above video can also be seen on our YouTube channel or on our Video Hub page.

During the peak of our construction programme, Severfield was carefully lifting and installing around 300 pieces of steel per week. Last week we saw the project complete at 62-storeys and 278m from the ground, with the final piece of structural steelwork being installed. Overall, the Company has provided the fabrication and installation of approximately 15,000 pieces of steelwork for TwentyTwo.

TwentyTwo

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

This is the latest project to have been completed by Severfield and will provide the City of London with a highly desirable destination for modern office and leisure space. There will also be a public viewing gallery between levels 58-61 – enabling people to be almost as high as The Shard and offering breathtaking views of London.

Our project case study for this project can be found here.

The Severfield Foundation – donations to our local charities

In 2016, The Severfield Foundation commenced a 24-month partnership with Prostate Cancer UK and raised in excess of £100,000.

Along with supporting our national charity partner during this period, Severfield also had several nominated local charities for each of our company subsidiaries; Bolton Hospice, St Catherine’s, Thirsk Community Care, The Yorkshire Air Ambulance, RNLI, Action Mental Health and Start 360.

Each Severfield subsidiary has organised and taken part in numerous events to support Prostate Cancer UK and their nominated charity/charities during this partnership.

Severfield (NI)

The Severfield Foundation presented an astounding £15,000 to each of the three Severfield (NI) nominated charities.

The main fundraising events held by the company were their ‘Fisher Cycle Challenge’ events, which have been hugely successful for 5 years now. The latest cycle challenge took part in June 2018 and attracted over 250 cyclists – raising over £22,000. Other events Severfield (NI) held during this period were a duck derby, several raffles and Christmas events such as a Christmas Jumper Day.

The funds, matched by The Severfield Foundation, were recently distributed to RNLI, Action Mental Health and Start 360 at the Severfield (NI) office in Ballinamallard.

The Severfield Foundation

On receiving their donation from The Severfield Foundation, Peter Scott from RNLI stated: “I’m quite simply speechless at the amount donated which will go towards a new lifeboat station in the area. We were not expecting anything of this magnitude. This is a tremendous achievement by Severfield and shows the generosity of those working at the site in Ballinamallard. RNLI has thoroughly enjoyed working with Severfield at their fundraising events and, on behalf of the organisation, thank you so much for this incredible donation”.

Start360 CEO, Anne-Marie McClure: “This is an amazing investment in the work of Start360 by the staff team at Severfield and we are so grateful to everyone who has made this donation possible. The money raised will help us sustain and grow our services as we move into 2019.”

Caroline Ferguson representing Action Mental Health commented “We are delighted to have been chosen as one of the recipient charities for the 2018 Fisher Cycle challenge, and we commend Severfield (NI) for the strong focus which the organisation has on mental health and emotional well- being. This very generous donation will be used to deliver much needed, high quality services supporting people who are in recovery from mental health issues across our community.”

Severfield (UK) – Lostock

For Severfield (UK)’s Lostock facility in Lancashire, their nominated local charity was Bolton Hospice.

Following various fundraising events, raffles and social activities held by employees, The Severfield Foundation matched funds to proudly present Kathryn Willett (below left) and Kathryn Sheldon (centre) from Bolton Hospice with a cheque for £6,000 earlier this year. Presenting the cheque was Severfield’s General Manager, Andrew Smedley.

The Severfield Foundation

On receiving the cheque, Kathryn Willett said “On behalf of everyone at Bolton Hospice, I would like to say thank you so much for your wonderful donation of £6,000! This will make an incredible difference here at the hospice and to give you an idea, £6,000 could pay for vital oxygen for all our patients for a year! Without amazing people like you, we wouldn’t be here to care for those most in need, your support means the world to us!”

Severfield (UK) – Dalton

At Severfield (UK) in Dalton, North Yorkshire, the local selected charities were The Yorkshire Air Ambulance (YAA) and Thirsk Community Care.

Throughout the partnership period, the site held fundraising activities such as a ‘Luxury Easter Egg’ and Christmas raffles – both of which were successful in raising money and hugely enjoyed.

The two local charities were each presented with a cheque for £6,000 following matched funding from The Severfield Foundation.

The Severfield FoundationThirsk Community Care, Tina Chamberlain commented “We are very grateful for this donation and would like to take the opportunity, on behalf of the Trustees and staff, for the support you have given Thirsk Community Care.”

On receiving their cheque, YAA’s Helen Callear, Director of Fundraising North and East, commented “We would like to thank Severfield for their generosity and ongoing support over the last seven years. Their regular donations help greatly towards the vital funding of the Yorkshire Air Ambulance, especially in the rural area of North Yorkshire where they are based. We are incredibly grateful.”

The Severfield Foundation

Severfield (Design & Build)

Severfield (Design & Build)’s nominated local charity was Saint Catherine’s, a charity in Scarborough, North Yorkshire that provides care and support for adults with terminal illness, and their families, carers and friends.

During the period, the Company hosted raffles and their main event – ‘Made of Steel’ mountain bike challenge at Dalby Forest. In its second year, this was hugely successful and popular – helping to raise much needed funds for both Saint Catherine’s and Prostate Cancer UK.

Severfield (Design & Build) colleagues presented Nicky Grunwell (from Saint Catherine’s) with a cheque for £6,000 from The Severfield Foundation in February this year.

The Severfield Foundation

“On behalf of all the patients, staff and volunteers at Saint Catherine’s I would like to say a massive “Thank you” for your very generous donation of £6,000.

Your donation will help us to deliver the 16 different care services free of charge to the local community. Last year our community helped us to care for over 3,000 patients and their families across the 1,600 square miles we cover. We couldn’t do it without you! Thank you” – Nicky Grunwell, Saint Catherine’s.

 

 

Investment at Lostock – Bay 4

Over the past two years, Severfield has made a substantial investment at Lostock of more than £3m into its factory in Lancashire, with significant improvements being made to ‘Bay 4’. Historically, Bay 4 has produced steel for the 2012 Olympics, Arsenal Emirates Football Stadium, The Shard and more recently Ordsall Chord rail bridge in Manchester, to mention only a few.

Investment at Lostock

A key part of the development has been the purchase and installation of two 50-tonne overhead cranes. Previously, these were 40-tonne cranes, which meant we had limitations on the weight of steel we could lift within Bay 4. By increasing our lifting capacity and capability, we have improved efficiency, can provide larger pieces of fabricated steelwork to our clients – improving our client services – further strengthening our market position.

Here’s a video about our investment at Lostock (also available on our Video Hub)

The investment at Lostock has provided a complete upgrade to the working environment within Bay 4. As well as improving the efficiencies through more flexibility in the space, we have also upgraded lighting, provided dedicated areas for tool storage and installed an integrated services management system. These improvements are all with a view to sustaining our excellent housekeeping and health and safety standards.

Investment at Lostock - Bay 4

These investments complete our ‘Modernisation Programme’ at Lostock and following the installation of our new ‘T&I’ and blasting machines, Bay 4 is now fully prepped to deliver its upcoming large and iconic projects.

The Insider Made in Yorkshire Awards 2019

The Insider Made in Yorkshire Awards 2019 took place on Thursday 7 March at the Hilton Leeds Hotel, where Severfield proudly accepted the ‘Manufacturing Apprenticeship/Training Scheme’ award.

In 2017/18 our Dalton factory near Thirsk in North Yorkshire recruited 33 trainees who were each welcomed into the company with no prior experience, this comprised of:

  • 11 Trainee Welders
  • 5 Trainee Painters
  • 12 Trainee Loaders
  • 5 Trainee Machine Operators

These employees were then provided with training facilities and in-house training to become fully-trained and fully-competent permanent employees.

Made in Yorkshire

The Company introduced the training scheme to enable inexperienced individuals the opportunity to start a career within the manufacturing/steel industry, receiving on-the-job training. The ages of the new recruits ranged from 18 to 50 – with almost 19% of them being female. Their progress has been formally reviewed every 4 weeks, with each trainee receiving their own tailored training plan.

From recruiting people based on their attitude and willingness to learn, it has not only given opportunities to those who previously might not have had them, but it has also given Severfield a new intake of determined, conscientious and talented colleagues.

The Insider Made in Yorkshire award for ‘Manufacturing Apprenticeship/Training Scheme’ was presented to Severfield by Martin Booth, Managing Director of Witt UK Group (pictured below with Severfield left to right: Emma Wood, Darren Cowton, Wayne Barron and Antek Sikorski).

Made in Yorkshire

Speaking about the training scheme, Stacey Chalmers, Trainee Painter: “I’d done a variety of different jobs since leaving school. Before coming to Severfield I’d been building water softeners but it wasn’t the job for me and I wasn’t happy. I wanted something better. I wanted a career that I could be proud of, so when my friend’s cousin told me that Severfield was advertising for trainees I jumped at the chance and sent my CV in straight away.

Made in Yorkshire

Stacey Chalmers, Trainee Painter

“I had an interview and was considered for both the Trainee Welder and Trainee Painter roles but accepted the painting role.  At first, we had lots of training in health and safety, manual handling and cranes, but then it was straight out onto the line.  I was paired up with another trainee. The training was very hands-on but I just got on with it.  My mentors have been great.  They’ve really brought me on board.  At first my technique was all wrong, but asking questions is the only way to learn and I’ve had loads of support.  I’ve been here nearly 12 months now and it’s flown by.  It’s the nicest place I’ve ever worked because everyone is really friendly and goes out of their way to help you.  It’s the best job I’ve ever had and I’d like to progress my career here.”

 

The Company was also shortlisted for two further Made in Yorkshire awards; Manufacturer of The Year (over £25m) and Apprentice of The Year.

National Apprenticeship Week 2019 – Our Apprentices

This week is National Apprenticeship Week. This annual celebration of apprenticeships brings the whole apprenticeship community together, enabling us, along with many other companies, the opportunity to share some of the positive and inspiring people we have working for us.

Severfield is passionate about recruiting apprentices and aim to welcome at least 10 apprentices across Severfield each year, providing placements for Platers, Welders, Maintenance Engineers and Steel Erectors.

We firmly believe that as well as the benefits an apprentice receives from us; a life skill, career and an opportunity to work on some of the UK’s most iconic projects – we, as a company, also benefit hugely from our apprentices invaluable enthusiasm and their willingness to learn new skills and methods that are defined by our own high quality and safety standards.

National Apprenticeship Week 2019

Speaking on behalf of the Apprentice Platers and Welders at our Lostock factory, Severfield’s General Manager, Andrew Smedley: “We are proud of what they achieve and firmly believe that the future success of our business relies very much on us continuing to train our people, giving them the correct skill set to become tomorrow’s engineers.”

“Not only do we give internal support mentoring and training throughout our apprenticeships, we have also taken a lead role in chairing the ‘Trailblazer Metal Fabricator Apprenticeship Level 3’ with training providers and other industry colleagues. The Metal Fabricator Apprenticeship received full approval from the Institute for apprenticeship in January this year and we are now looking forward to delivering the standard along with our training providers.”

We firmly believe that our tomorrow will be built by todays apprentices.

Don’t miss us – as part of our involvement in National Apprenticeship Week – we’ll be at York College tomorrow (Tuesday 5 March 2019) at the Employment Marketplace Event from 3pm-7.30pm.

Interested in hearing about our upcoming apprenticeship opportunities? – Contact our recruitment team at recruitment@severfield.com

 

Severfield Double Bridge Installation

Over the weekend our site team have been incredibly busy with successfully completing two bridge installations. The first accomplishment took place on the M20 Junction 10A project. In preparation for the installation, the east bridge and concrete planks had previously been erected during a 51 hour motorway closure on the weekend of the (11/01/19).

The braced pair plate girders were assembled at our Lostock site and then transported to the M20 site, 24 hours before the final installation took place. On site, the girders were erected using a 500 tonne mobile crane with the concrete planks using 55 tonne cranes during the motorway closure (25/01/19). The instalment of the west bridge took an impressive 30 hours, enabling the motorway to re-open early.

Bridge InstallationsThe second installation of weekend takes us to the Eastwick & Sweetwater H16 Bridge project. This bridge is to give pedestrians and cyclists access over the River Lea Navigation canal. Due to site constraints and limited lay down space the bridge was assembled in the build area.

The assembled bridge was an impressive 37 metre long x 5.4 metre wide and 97 tonne in weight. 4 hours prior to the canal closure the bridge was transported from the build area to the erection site via SPMTs. It was then installed during the closure of the canal within 3 hours.