Partly Cloudy

Partly Cloudy

max temp: 18°C

min temp: 13°C

Search

Needham Market: Breheny invests £4m in new equipment and IT following contract wins

PUBLISHED: 10:58 29 April 2014

John Breheny of Breheny Civil Engineers, left, with Richard Todd from Lloyds Bank.

John Breheny of Breheny Civil Engineers, left, with Richard Todd from Lloyds Bank.

www.matthewwalkerphotography.com

Needham Market-based civil engineering firm Breheny has completed a significant investment in new plant and machinery, and upgraded IT infrastructure, after securing a £4million funding package from Lloyds Bank Commercial Banking to help accelerate its growth strategy.

Breheny, which was established in 1963 and is a member of the EADT/EDP Top100 listing of the 100 largest businesses in Suffolk and Norfolk, specialises in the construction and maintenance of highways and bridges, development groundworks and projects in the marine and energy industries.

In the past three months the company has secured £30m of new business, including a £14m contract to upgrade sections of the A24 road from London to the Sussex coast.

In view of its growing workload, Breheny recognised it needed to invest in state-of-the-art machinery including excavators and dumpers and to improve its IT operations.

John Breheny, chairman, said: “Confidence in the engineering industry has risen sharply in the past 12 months, and the business has capitalised on the opportunities this upturn has presented with a number of significant new contract wins in 2014.

“We switched to Lloyds Bank because we needed a facility that could provide substantial support for our growing order book and would be suitable to support our expansion aspirations, and the bank has shown a thorough understanding of the business and proactively provided relevant solutions for our plans.”

Breheny will also use the funding to invest in its staff training and apprenticeship programmes, to help support its long-term strategy to expand into new markets including the rail industry. The business, which has 350 employees, has taken on two new engineering apprentices this year and will have a number of new job opportunities available over the next 12 months.

Richard Todd, relationship director at Lloyds Bank Commercial Banking, said: “There are already tangible signs that the business is benefiting from the upturn in the economy, as its robust management team has a clear long-term growth strategy. This funding headroom will give the business the ability to build further on its latest contract wins, whilst also providing it with the opportunity to invest in young people to help address the skills gap emerging in the sector.”

The Duke of Cambridge leaves his role as a pilot for the East Anglian Air Ambulance today. Here, he tells of his pride at doing the job, and pays tribute to his colleagues, and to the people of East Anglia.

Ipswich’s free shuttle bus between council offices in Russell Road and the town centre has been saved after the borough agreed to pick up the bill for it.

A 50-year-old man from Cambridgeshire who was arrested after a fatal crash on the A140 on Tuesday will appear in court tomorrow to face dangerous driving charges.

A jealous Suffolk man who fired a BB gun at a car after finding text messages from the vehicle’s owner on his partner’s phone has been jailed for ten months.

A former geography teacher from Essex says that schoolchildren should be taught more about what to do if a natural disaster occurs after getting caught up in the earthquake which hit Kos last week.

Proposals for an accommodation complex housing 2,400 power station construction workers in Suffolk have been criticised in an independent report – with energy bosses urged to rethink the plans.

An Ipswich computer repairer who downloaded child porn has walked free from court after a judge decided not to send him straight to prison.

Just weeks after the Ipswich Park and Ride service was relaunched with a new service run by First Eastern Counties, part of its site at Copdock Mill has been put up for sale.

A Suffolk footballer who lost both his legs in a horrific hit and run crash has fulfilled his ambition of walking down the aisle on his wedding day.

A woman in her 70s suffered injuries after an “unkempt” man is reported to have shouted and pushed her to the ground in a Suffolk high street.

Most read

Show Job Lists

Topic pages

Newsletter Sign Up

Sign up to receive our regular email newsletter
MyDate24 MyPhotos24