Severfield announces Interim Results for the period ended 30 September 2014

Interim Results

Severfield plc, the market leading structural steel group, today announces its interim results for the six month period ended 30 September 2014.

– UK margin progression in line with expectations

– Strengthening order book

– Improved performance from Indian joint venture

Ian Lawson, chief executive officer commented: “The first half of the year has seen further good progress across the whole Group. Stability within our UK operations has supported continued margin improvement in line with expectations and sustained production levels have underpinned much improved performance in India. The combination of a strong first half cash performance and the successful refinancing provides further balance sheet strength and a solid foundation for the Group as it continues to improve its profitability and develop its wider strategy. Overall, the Group’s strengthening operations and performance continues to leave it well placed to benefit from an improving market in the UK and we are encouraged by the improvement in our order intake, reflecting the higher levels of market activity. Accordingly, the Group remains on course to deliver earnings for the full year in line with the board’s expectations.”

Severfield promotes careers at Scarborough Engineering Week

Severfield staff and apprentices have been promoting careers in structural steelwork at Scarborough Engineering Week.

Exhibition Stand_

Aimed at young people between the ages of 4-19 years, Scarborough Engineering Week welcomes approximately 2,000 students and places a firm focus on young people taking control of their future and promotes careers available in Science, Technology, Engineering and Maths.

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Taking full advantage of the opportunity to engage with youngsters, Severfield demonstrated just how exciting working within the UK’s market-leading structural steel company can be.

Apprentices from Severfield at Sherburn assisted with manning the Severfield stand, providing valuable guidance and advice to students in relation to how apprenticeships work, on the job training (learning whilst earning) and the benefits of starting their careers at Severfield.

Exhibitor stands were interactive; Severfield in conjunction with Lincoln Electric, provided a Virtual Welder for the event. This proved highly popular, along with touch screen monitors with BAM Models of recent projects.

The below feedback was received from Scalby School:

‘The students thoroughly enjoyed learning about the different aspects and careers for engineering with either taking part or interacting with staff from the various companies, colleges and universities involved. This was an excellent opportunity for students to discover different career paths available to them and the vast diversity that is encompassed by engineering.’

For further information on what careers are available at Severfield, please visit our Careers page.

Severfield Project ‘The Place’ Nominated For A Major International Award

London Bridge The Place 2

A Severfield project has been shortlisted for a major international award designed to celebrate excellence in the field of structural engineering.

The Place, situated in the heart of London Bridge Quarter, has been recognised by the Institution of Structural Engineers and shortlisted in the Commercial or Retail Structures category of the Structural Awards 2014.

Adjoined to The Shard, The Place, which offers 44,000 sq m of office space, has been recognised in particular for its creative solutions to structural challenges and for efficiently delivering a complex development within a difficult city centre environment.

Annual General Meeting Statement

At today’s Annual General Meeting of Severfield plc, to be held at noon at the Aldwark Manor Hotel, YO61 1UF, Chairman John Dodds will make the following statement:

”This year Severfield has continued its progress as the UK’s market-leading steel fabricator, moving further towards the Group vision of being leaders in structural steel, creating a legacy for future generations through world class engineering and design excellence. During the last year Severfield has delivered substantial operational improvements across the Group and the stabilisation programme is ongoing. Market development in India remains an area of high focus, and the Group is well positioned for the recovery of the UK construction sector, with its market leading position and robust balance sheet. The Group has momentum in delivering against its strategic objectives, with significant prospects for operating margin growth, profit growth, increased revenue and positive cash flow going forward.”

Interim Management Statement

Interim Management Statement 

Severfield plc, the market leading structural steel group, issues its Interim Management Statement covering the period to 11th  August 2014.

Current trading

The Group’s performance and underlying financial position are satisfactory and together with a solid order book the Group remains on track for this financial year. The Group has also benefited from the sale of its investment property in June for £3.9m, which was in line with book value.


The UK order book of £171m remains solid and the business continues to show improved stability following the reorganisation in the last financial year. Management’s view of the market is unchanged, with continuing signs of improvement, but it remains likely to be later in the financial year before there is any notable impact on the size or mix of the order book.

JSW Severfield Structures Ltd (India)

The business is showing the intended improvement in operational performance for the year to date, with cost savings and improvements in production output both being evident. The order book stands at £34m.  The business development programme and improving the conversion of opportunities still remain priorities.


The UK business continues to progress well and India is showing encouraging operational improvements with market development remaining an area of high focus. Overall, the Group continues to be ideally positioned for recovery in the UK construction market with its good market position and strong balance sheet.

Severfield projects shortlisted for architecture’s top accolade

Two iconic buildings erected by the UK’s leading structural steel specialist Severfield have been shortlisted for architecture’s most coveted accolade.

London skyscraper The Shard, and the Library of Birmingham have both made the shortlist for the Royal Institute of British Architects’ (RIBA’s) Stirling Prize.

The Shard 2

Other nominees for the prize, awarded annually to the best new building, include Liverpool’s Everyman Theatre, Manchester School of Art, the London School of Economics and the London Aquatics Centre in the Olympic Park.

Designed by Renzo Piano Building Workshop, The Shard was described as a ‘thing of great beauty’ by the judges and ‘the most significant addition to the capital’s skyline since St Paul’s.’ They said that constructing the tower, which houses a health clinic, offices, restaurants, hotel, apartments and public viewing gallery on such a tight site, was a “rare achievement”.

The Library of Birmingham, designed by Mecanoo, was also named in a list of the UK’s greatest landmarks by the Construction Industry Training Board (CITB) last week.

Commenting on the announcement, Severfield’s chief executive, Ian Lawson said: “We are delighted that The Shard and the Library of Birmingham have been shortlisted for this prestigious accolade which recognises design excellence and significance to the evolution of architecture and building.

Previous winners of the RIBA Stirling Prize include the Lord’s cricket ground media centre, the Scottish Parliament building in Edinburgh and Severfield’s project, the Gateshead Millennium Bridge.

The winner will be announced at the RIBA Stirling Prize Party to be held at RIBA in London on October 16, 2014.

Severfield on winning team at the Structural Steel Design Awards

Structural steel specialist Severfield’s expertise on delivering award-winning architecturally significant projects has been recognised in a national industry award.

The Company saw off fierce competition to be handed the award as part of a project team for the eye-catching Splashpoint Leisure Centre in West Sussex at the 46th Structural Steel Design Awards held in London.

Worthing Pool

The awards, sponsored by The British Constructional Steelwork Association Ltd (BCSA) and Tata recognise the high standard of structural and architectural design attainable in the use of steel and its potential in terms of efficiency, cost effectiveness, aesthetics and innovation.

The use of steel was fundamental to achieving the project’s architectural concept as the material is ideally suited to provide the required 50m clear span for the main swimming pool with a ‘light’ feel. Steelwork also provided a number of other benefits including a reduced on-site programme and the avoidance of wet trades. It also helped the structure achieve the tight construction tolerances required.

The award was received on behalf of Severfield by Steven Day, deputy managing director at Severfield’s site in Lostock, Lancashire.

He said: “It is very gratifying to be recognised by our peers in the steel industry for delivering an innovative building that is admired by the public and which will serve them for years to come. Everyone involved in the project can be proud of their achievement, which further enhances the reputation of Severfield and highlights the skills of our workforce – not only Lostock, but across our entire business.”

The judges commented: “The architect’s concept of a shaped roof swooping towards the sea has been well executed, with large plate-girder beams, tidy roof details and glazed façades. The team integrated well and the building reflects this.

“This highly successful building is helping to revitalise the town and the steel structure is a key element in its enormous popularity.”

Splashdown Leisure Centre forms the centre piece of an ambitious regeneration launched by Worthing Borough Council and replaces a swimming pool built in the 1960s. The centre, which has been lauded for its iconic architecture, includes three pools and a fitness centre. The project achieved a BREEAM* ‘very good’ rating and is designed to be sensitive to coastal and town centre position.

Splashpoint’s dramatic sawtooth roof, with its ranks of sinuous ridges, recalls a series of dunes that curve and twist towards the coast. This concept, which won a RIBA design competition at the project’s inception, has been recognised at a global level as the project was also declared winner of the World Architecture Festival 2013 Sports Category.

The use of steel was fundamental to achieving the project’s architectural concept as the material is ideally suited to provide the required 50m clear span for the main swimming pool, giving the structure a ‘light’ feel, with high level glazing and transparent façades connecting the pool to the sea. Steelwork also provided a number of other benefits including a reduced on-site programme and the avoidance of wet trades. It also helped the structure achieve the tight construction tolerances, which were essential for the interfaces with the glazing, cladding and importantly the roofing that required a 5mm installation tolerance. Much of the steelwork within the pool area is exposed and as the environment is highly corrosive a three layer paint system was used.

Overall the project is split into two parts, with steel being used to frame and roof over the 50m long main swimming pool area and the adjacent 30m long leisure pool zone. Stability is provided by the two-storey structure housing the changing rooms and fitness centre.

The pool’s signature profiled roof is formed with two 50m long trapezoidal box sections that also transfer loads from the glazed western façade into adjacent parts of the building. For the roof, high grade stainless steel fixings have been used to support the roofing panels.

Coordination of the design was carried out using 3D models, with the architectural and fabrication models overlaid to help with early clash detection, which reduced costs and delays on site.

The fabricated structure, derived directly from the coordinated 3D model, fitted together perfectly on site. This was an impressive achievement, considering the complexity of the ridges, curves, steps and asymmetry of the structure.

Samples of each of the main beams were fabricated to provide quality benchmarks. The flush finish to shop and site welds provided the structure with clean, uninterrupted lines.

For ease of erection, site welding was limited to the mid-span of the two main box section beams by using bolted splices that reduced construction time while also improving site safety. These doubly curved asymmetric beams are subject to biaxial bending, axial compression and torsion as the complex geometry gives rise to a range of imbalanced wind and snow loads.

Moveable floors are fitted to both the diving and competition pools. These allow a full range of users to share the same space – swimming competitions, diving clubs, children’s activities, and water polo – and they provide flexibility over the life of the building.

Energy conservation and environmental friendliness were central to Splashpoint’s overall design. As much as possible, energy usage has been limited to ensure a low operational impact.

Alongside Severfield, the team behind the £18m Splashpoint included architect: Wilkinson Eyre Architects, structural engineer AECOM and main contractor Morgan Sindall. The client was Worthing Borough Council.

Severfield Projects Achieve Landmark Status

Three projects delivered by structural steel specialist Severfield have been named in a list of the UK’s greatest landmarks by the Construction Industry Training Board (CITB).

The First Direct Arena in Leeds, Manchester’s Etihad Stadium and the Library of Birmingham, all Severfield projects, were chosen by the CITB alongside other iconic buildings such as London’s 30 St Mary Axe (‘The Gherkin’).

First Direct Arena 2

Gateshead’s Sage makes up the full list chosen by the board, who will also honour the people who built the chosen five buildings at the Pride of Construction awards in London on September 10, as part of its 50th anniversary celebrations.

The First Direct Arena recently hosted the Tour de France opening ceremony and has been established as a premier live performance venue to rival arenas across the UK. Last month the arena beat competition from around the world, including the new Olympic Stadium in Sochi, the SSE Hydro in Glasgow and the Allianz Riviera stadium in Nice, to win the prestigious New Venue of the Year title at the Stadium Business Awards in London.

The Etihad Stadium is the home ground of Manchester City FC and opened in August 2003. Severfield designed, fabricated and erected steel as part of a major redesign following the Commonwealth Games with a lower tier and north stand added to increase capacity. The company is currently working on a project at the stadium, involving 4,000 tonnes of steel.

The Library of Birmingham is a flagship project for the city’s redevelopment and has been described as the largest public library in the UK. The project, which opened to the public in September 2013, yielded a number of awards for main contractor Carillion, including the 2012 Guardian Sustainable Business Award for Social Impact.

Commenting on this accolade, Severfield’s chief executive Ian Lawson said: “We are delighted that the CITB, as part of its drive to celebrate the industry, have recognised these iconic buildings within its top five landmark projects in the UK. Severfield has played a vital part in enabling the design teams to realise and create their vision for these structures.

“These world-class facilities showcase not only the capabilities of the company, but also the skills of our design, fabrication and erection teams.”

Located in Leeds City Centre, the 13,500 capacity First Direct Arena provides live entertainment, staging more than 140 events a year.

The iconic external honeycombed design combines with ever-changing multi-coloured lights that alter its outside appearance. Severfield provided the connection design, fabrication and erection for the 4,000 tonnes of structural steelwork incorporated into the structure, 80 percent of which is coated in intumescent fire protection paint.