Hadden Construction has completed work on a £650,000 investment to extend its Perthshire base.
With support from a £300k funding package from Bank of Scotland, the building firm has doubled the size of its Aberuthven headquarters as part of a major investment which will also boost the 124-strong workforce. The new headquarters building was named in a formal opening ceremony at ‘Millennium House’ by BBC Weather personality Judith Ralston and was attended by a number of clients, consultants and supply chain members.
Hadden Construction Chairman, Scott Hadden said, “The new development gives our business more office space, with the additional capacity providing a platform for growth as the economic recovery gathers pace. It also allows us to reinvigorate our Hadden Homes brand as we look to recommence our own private residential developments.”
Andy McKie, relationship manager, SME Banking, Bank of Scotland added, “Hadden Construction has successfully navigated itself through a tough economic climate for the sector and is well positioned for growth. The investment in headquarter operations is a great milestone for the business and we are proud to be a part of that, and of our strong working relationship with its management team.”
Recruitment is now under way for a string of roles to strengthen the team in buying, estimating and surveying disciplines coupled with internal promotions but the firm expects to grow organically, with margins on contracts still “tight but increasingly more positive”.
Company turnover topped £20 million before the credit crunch struck and is now returning to this level.