Portakabin Group achieves top financial stability rating

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THE Portakabin Group has again achieved the highest possible rating from Dun & Bradstreet – the global specialist in business information and financial risk analysis.

The coveted ‘rating 1’ status puts the modular building manufacturer in the top 15 per cent of all companies in the UK and Ireland for financial stability and is an independently-verified endorsement that the business is at low risk of failure and maintains high creditworthiness.  It is also further recognition that the Group has performed at the highest level for another year.

Derek Carter, Chief Executive of the Portakabin Group, said, “This is a fantastic accomplishment that demonstrates the continued financial strength of our business and gives our customers and suppliers even greater confidence, peace of mind and continuity of supply when dealing with Portakabin. We believe it is vital that construction clients look very closely at financial stability when evaluating tenders and quotations and are aware of the critical importance of dealing with a robust supply chain.

“We understand procurement teams have to look for least cost but there are also cost implications of company failure when a project is on site.  Our advice is to examine the varied credit worthiness of modular suppliers carefully when considering project risk.”

In addition to the top Dun & Bradstreet rating, the Portakabin Group has the reassurance of other independent accreditations which include Crown Commercial Service framework for public sector project procurement; Achilles Building Confidence auditing; ISO 9001 for quality assurance, ISO 14001 for environmental performance, as well as Zurich, BBA, LABC, and CE approvals for its modular buildings.