TwentyTwo – New Steel Construction (NSC)

‘City’s tallest tower’

New Steel Construction’s November 2018 edition was recently released – featuring the impressive TwentyTwo project in London.

The article has many remarkable facts and figures about the project, located at 22 Bishopsgate in London.

Speaking to NSC’s Martin Cooper, Severfield’s Project Manager Kyle Fletcher explains all about our ‘Rhino’ truss and our Senior Site Manager, Micky Reilly gives details on what it’s like erecting steelwork on a building that will ultimately stand at 278m tall.

TwentyTwo

 

TwentyTwo is due to be completed by the end of 2019, topping out at 62-storeys.

 

The Severfield Foundation’s partners with Alzheimer’s Society

Following a successful two years since The Severfield Foundation was created, we are delighted to  announce our new national partnership with Alzheimer’s Society.

The Severfield FoundationThe Severfield Foundation

 

 

 

 

 

Dementia is the UK’s biggest killer, overtaking heart disease only recently. Last year, the disease, in all its forms, claimed the lives of over 70,000 people. And so far, there is no known cure.

Around 850,000 people in Britain are living with dementia, with numbers set to rise to over 1 million by 2025, with the majority having Alzheimer’s disease – the most common type.

It’s for these reasons that The Severfield Foundation has committed to work with, and support, the charity over the next two years.

Everyone at Severfield is looking forward to what this new partnership has to offer allowing us to all do our bit to help, and in the process, learn more so we’re able to care for loved ones in our family, or our communities at large, who are affected.

And with The Severfield Foundation’s partnership, Alzheimer’s Society can build on the support they provide – to carers, to those living with dementia, and to society as a whole.

Severfield’s investment in ‘T & I’ line technology

As the UK’s market-leader in structural steel, we are continuing to drive forward operational productivity by investing in world class technology.

Nothing demonstrates this more than our investment in our £2million state-of-the-art ‘T & I’ plate girder line at our production facility in Lostock, Bolton, which is set to significantly develop our capability within the bridge market.

Investment

Following on from the employment of a team specialising in structural bridge work, there has been a specific focus on growing and diversifying expanding markets such as the infrastructure sector. This, coupled with the state of the art ‘T & I’ line in Lostock, puts Severfield at the forefront of the sector.

The ‘T & I’ line, which will supplement existing plate girder lines at the our Dalton site in North Yorkshire, is the biggest of its kind in the UK and capable of building steel beams of up to 3.5 metres in depth and 1.5 metres in width; a ‘T & I’ plate girder line assembles flat plates into the distinctive top ‘T’ sections and the vertical ‘I’ sections. This, in addition to further investment in an on-site paint shop and enhanced blasting facilities, will enable us to deliver up to 95% of the current bridge market. This investment comes at a very significant time, with HS2 on the horizon.

Investment

Commenting on the investment, Severfield (UK) Managing Director, Gary Wintersgill, said: “The investment at our facility in Lostock enables us to build on our capability as the UK’s largest bridge provider and deliver not only the volumes required by the market, but also the productivity benefits from modern state-of-the-art equipment”.

Investment

The investment in the ‘T&I’ plate girder line follows on from the successful completion of the Ordsall Chord project in Manchester, which was completed late last year. Severfield fabricated and constructed many different elements of the Ordsall Chord, including the world’s first asymmetric network arch rail bridge which is now an iconic part of the Manchester skyline.

Investment

Watch the full ‘T & I’ line video here.

Coal Drops Yard opens to the public

Today marks the official public opening of Coal Drops Yard, the latest shopping and lifestyle district to open in London.

Located just a short walk from London’s King’s Cross Station, Coal Drops Yard’s prime location means it is ideal for keen shoppers and those who simply wish to visit and enjoy this new, extraordinary public space.

The original structures, built back in 1850, have had several uses and inhabitants over the years; namely for being the main coal store for all of London, it then it went on to be warehousing, offices, and more recently, nightclubs. It was decided that rather than demolishing and removing the old existing Coal Drops Yard, its legacy would be reinvented.

There’s no question, the design and construction of Coal Drops Yard is an architectural and engineering masterpiece. With its cobbled courtyards, canal-side arches, breathtaking suspended connecting bridge and ribbon truss roof – the heritage and history of Coal Drops Yard has been sustained to accommodate the new and modern design from Heatherwick Studio.

Severfield was heavily involved in the project – right from the design stage, and went on to provide and construct some 1,300 tonnes of structural steelwork on site. We also designed the bespoke temporary works steelwork that was required to support the new feature roof during construction.

We are extremely proud to have been involved in this project and are certain it will provide much enjoyment to the public for many years to come.

Three Snowhill – New Steel Construction (NSC)

‘Three up in second city’

New Steel Construction (NSC) has today released it’s September 2018 issue – with Severfield project Three Snowhill, Birmingham taking centre stage.

Three Snowhilll

Severfield is extremely proud to have worked on this 19-storey office tower in Birmingham, forming a ‘stunning gateway to the city’s business district’.

You can read further details on this project, including information on how Severfield’s early contract involvement, in-house skills and delivery systems have contributed to the success of the final plot on the Snowhill development.

Severfield annual results announced

Severfield plc, the market-leading structural steel group, is pleased to announce its annual results for the 12 month period ended 31 March 2018.

Another year of improved performance with a 19% increase in underlying profit before tax, a 13% increase in core dividend and a special dividend of 1.7p per share

Highlights 

  • Revenue up 5% to £274.2m (2017: £262.2m)
  • Underlying* profit before tax up 19% to £23.5m (2017: £19.8m)
  • Underlying basic earnings per share up 15% at 6.4p per share (2017: 5.5p per share)
  • Continued strong cash performance resulting in year-end net funds of £33.0m (2017: £32.6m) after equity investment of £5.5m in Indian joint venture to repay term debt
  • Total dividend increased by 13% to 2.6p per share (2017: 2.3p per share), includes proposed final dividend of 1.7p per share (2017: 1.6p per share)
  • Proposed special dividend of 1.7p per share to deliver a total cash return to shareholders of 4.3p per share
  • Return on capital employed (‘ROCE’) of 16.5% (2017: 14.6%)
  • Over 100 projects undertaken during the year in key 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 order book of £237m at 1 June 2018 (1 November 2017: £245m), including landmark contract for the new Google Headquarters at Kings Cross for 2019
  • Reorganisation of our factory operations in North Yorkshire now completed
  • Continued profitability from Indian joint venture of £0.5m (2017: £0.2m), improving market position now reflected in India order book of £106m at 1 June 2018 (1 November 2017: £79m)

 

Severfield plc results

Alan Dunsmore, chief executive officer commented:

‘The strong performance that we are reporting today pays tribute to the hard work of all our staff and continues to reflect our well-established market-leading position and our focus on operational performance and efficiencies.

With a high quality and stable UK order book of £237m and a strong pipeline of opportunities which provides us with good visibility of earnings, together with an encouragingly improving outlook for our Indian joint venture, we remain confident that 2019 will be another year of progress for the Group.’

See the full press release on our RNS page here.

ICE NW Civil Engineering Awards 2018

The annual ICE North West Civil Engineering Awards took place on Friday 9 March at the Titanic Hotel in Liverpool.

ICE

The Ordsall Chord project was the ‘Large Community and Heritage Project’ winner and was awarded to the complete project team: Network Rail, Aecom Mott MacDonald JV, Skanska Bam JV, BDP, Siemens, Amey Sersa JV and Severfield.

Representing Severfield at the ICE awards was Jarrod Hulme, Project Manager (pictured above far left).

The Ordsall Chord project involved the refurbishment and enhancement of key heritage structures, including Grade I Listed Stephenson’s Bridge.

ice

This project is part of Network Rail’s multi-billion-pound North of England Programme, which is an impressive scheme aiming to transform rail connectivity in the north of England and boost economic growth.

We’re supporting National Apprenticeship Week

As this week is National Apprenticeship Week, we’ve spoken to a number of our apprentices about how they are progressing and which aspects have been the most interesting.

James Robinson, IT Apprentice at Dalton, North Yorkshire, started his 2 year apprenticeship on 18 July 2017. Once completed, James will have a Level 3 BTEC Diploma in Professional Competence for IT and Telecoms Professionals.

apprenticeship

James has always had an interest in the technical and mechanical side of things and works on motorbikes and cars in his spare time.

“I decided to join Severfield as I heard it was a good company with opportunities for progression.” – James Robinson, IT Apprentice at Severfield.

Board Changes

Recent board changes have seen Alan Dunsmore being appointed as Chief Executive Officer and Adam Semple as Finance Director, both on a permanent basis, having held those roles on an interim basis since 28 March 2017.

Ian Cochrane remains Chief Operating Officer and will continue to deliver on Severfield’s operational strategic objectives.   

John Dodds will remain in the role of Chairman on a non-executive basis.

All the above Board changes and appointments will be effective from 1 February 2018.

John Dodds, non-executive Chairman, said:

“I would like to pay tribute to Ian Lawson’s tremendous contribution to the Severfield business since his arrival in November 2013. He has been the architect of the Group strategy, setting the target of doubling our underlying pre-tax profits by 31 March 2020. Under his leadership Severfield is well on track to deliver against this important milestone. Ian leaves with our thanks and best wishes.

I would also like to acknowledge the important roles that Alan, Adam and Ian Cochrane have played over the last year and look forward to working with all of them as Severfield continues to deliver on its growth strategy.”

 

Severfield awarded contract for Google’s UK Headquarters

Project awarded – Google Headquarters, King’s Cross

Google HQFollowing yesterday’s RNS, Severfield is please to announce it has been awarded a landmark contract on the recently announced new Google Headquarters in King’s Cross, London. Severfield will provide 15,900 tonnes of structural steelwork services for the new 11-storey building with the work scheduled to commence on site in June 2018.

Alan Dunsmore, Acting Chief Executive Officer, Severfield plc, commented:
“We are delighted to announce that Severfield has been awarded this Google contract and are looking forward to working with Lendlease on such a high profile, iconic development at King’s Cross.

Google HQ

This contract win adds to our recently announced strong order book of £245m and supports Severfield’s position as the market leader with unrivaled design, fabrication and construction capabilities.

The Group has already worked on a number of key buildings in the King’s Cross area, including 3 and 4 Pancras Square, King’s Cross R1 and S2, and the new retail quarter Coal Drops Yard, which is currently under construction.”