Garic Invests £8m in Growth

Garic Invests £8m in Growth

Bury-based specialist site welfare provider Garic has posted a record turnover following an investment of more than £8m in the business.

Figures just unveiled for the company’s year ending December 2016, show a 12 percent revenue growth to £22m in line with the ambitious target set out in Garic’s major three-year growth strategy.

In addition, the company has also won a raft of large, high profile contracts including an agreement to supply construction site welfare products to BCEGI for its prestigious Middlewood Locks Development in Manchester.

The 24-acre regeneration scheme at the gateway to the city’s central business district, has so far taken delivery of a bespoke two-storey 68-bay ‘village’ consisting of stacked and interlinked welfare and office units.

Within this modular complex, Garic has incorporated a fully equipped kitchen, 180-seater canteen, open plan office spaces which can accommodate up to 250 site workers and 60 office staff, changing and drying rooms, showers and toilets.

The complex, which was ten months in the planning, fulfils all of BCEGI’s ‘future proof’ welfare requirements and Garic proved itself to be a Tier One supplier when the units were delivered, installed and ready for use in just one week instead of the planned four week operation.

Garic’s managing director, Colin Hotchkiss said: “We made fantastic progress in 2016 and 2017 has started very positively indeed.

Over the past twelve months we’ve made significant strides in delivering our business strategy which has resulted in growth across all areas of the company and we’ll continue to invest in our people, fleet, depots and transport infrastructure to support this.

“A further £7.2m investment has been earmarked for 2017 – this is on top of the £8m spent last year – and we plan to open more depots following the successful introduction of our Midlands branch last March.”

The total £15.2m investment will continue to facilitate the company’s commitment to research and development and ongoing enhancements to Garic’s entire range of welfare products including:

  • Smart technology systems for remotely monitoring fuel, water and waste in welfare units
  • Mobile and static welfare and modular systems
  • New modular office rental solutions
  • Transport and service vehicle fleet

Colin concluded: “All of our investment is either centred on developing innovations that help reduce the environmental impact of the construction industry or enhance our customers’ experience. For example, we have invested further in our patented Eco Plus solutions and are about to launch another site welfare market industry first!

“We already have one of the largest and fastest growing welfare fleets in the UK and with our expansion plans it looks like we’re in for another busy year!”

For more information click here.

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