Hadden Group

Hadden Group confident about future trading after refocusing business

Chairman Scott Hadden and new MD Steven Brady showcase the new Hadden Group branding

Perthshire construction firm Hadden Group has revealed renewed optimism for the future as it celebrates its silver anniversary.

Newly lodged accounts at Companies House, reported in The Courier, show the firm suffered a fall in turnover from £22.37 million to £19.39m in the year to March 31.

Pre-tax profits dropped by more than £200,000 to £574,962 in the period, although gross profit was marginally ahead of the prior year at £2.85m.

In her strategic report to the accounts, company secretary Anne Nicol said the directors considered the outcome “satisfactory” and the group’s short term prospects as “positive.”

She added a recovery in the speculative housing sector had allowed the company to actively pursue the acquisition of land for new developments and work had begun on the first of the acquired sites.

Business development director, Stephen Lynas, said the past months had seen Hadden reposition itself to focus on higher margin projects.

He said the drop in turnover in the year past could be largely attributed to that decision, and the new strategy was starting to pay dividends.

In September, the group welcomed former BAM Construction executive, Steven Brady, as its new managing director and it completed a corporate rebrand under the Hadden Group name the following month.

The firm was also one of nine main contractors to have secured a place on an £800m schools and community buildings framework with the Scottish Procurement Alliance.

“We have refocused and are now being a bit more selective and not chasing low margin work,” Mr Lynas said.

“We have secured a lot of work and things are looking a lot more positive.

“We have also put quite a bit of investment into the Hadden Homes side of the business and we have a planning application at the moment for a site at Inchture with 66 units made up of 16 affordable homes and 50 private houses.”

Hadden launches new corporate rebranding

Scott Hadden-Chair-Steven Brady MD-Hadden Group

Scott Hadden and Steven Brady

Perthshire-headquartered main contractor & developer Hadden Construction has revealed a new corporate look in rebranding as the Hadden Group to reflect the breadth, diversity and strength of the business.

Chairman Scott Hadden said: “The new Hadden Group consists of Hadden Construction, Hadden Homes and Hadden General Works. These distinct areas of the business have grown successfully over the years and in our 25th year of business we felt our brand needed freshened up with a bold yet simple new design.”

He added that the new business structure required distinct identities for areas of the business: “We are keen to promote the diverse and wide range of services we provide and this allows us to further develop separate Construction, Homes & General Work portfolios whilst continually improving services to our clients.”

The Aberuthven-based company formed by Scott Hadden and business partner Ronnie Horne in 1992 celebrates a quarter century of successful growth for the company.

Hadden operates across all construction sectors in Construction, Homes and General Works with recent awards including a berth on the Scotland-wide £800m Schools & Community Buildings Framework from the Scottish Procurement Alliance and Tier 1 Contractor status from East Central Hub who have commissioned Hadden to design & build the new NHS Forth Valley Doune Health Centre project.

Current projects on site include the £7.5m Law Primary School for East Lothian Council, a new £5m Motorstore at Inveralmond, Perth and a £5.9m development of 40 new homes for Angus Council in Arbroath.

Managing Director Steven Brady, added: “This is an exciting period of growth for the Hadden Group as we complete our corporate re-branding to reflect our subtle re-structuring of the business. In conjunction with this we have taken the opportunity to update and relaunch our website to allow us to better showcase our skills and experience in successfully delivering construction solutions for clients. Our thanks go to locally based MTC media & Bridgewater for their work on the website and branding.”

Hadden appoints former BAM director as new MD

Chairman Scott Hadden (left) with new managing director Steven Brady

Chairman Scott Hadden (left) with new managing director Steven Brady

Hadden Construction has recently welcomed Steven Brady as its new managing director.

A chartered quantity surveyor and former pre-construction director with BAM Construction UK, Mr Brady joined the Perthshire-headquartered firm in early September and has pledged to recruit “high calibre” individuals to achieving the firm’s ambitions for sustainable growth.

Formed by Scott Hadden and business partner Ronnie Horne in 1992,  Hadden Construction recently secured a place on the Scotland-wide £800 million Schools & Community Buildings Framework from the Scottish Procurement Alliance and Tier 1 Contractor status from East Central hub who have commissioned Hadden to design and build the new NHS Forth Valley Doune Health Centre project.

Current projects on site include the £7.5m Law Primary School for East Lothian Council, a new £5m Motorstore at Inveralmond, Perth and a £4.9m development of 36 new homes for Kingdom Housing Association in Kincardine.

Scott Hadden said: “As chairman of Hadden Construction it is with a great sense of pride that I welcome Steven Brady to the business as our new managing director.

“He joins the company as a key Board appointment in helping us towards our goals of controlled expansion across our core construction activities and our continuing drive to increase our involvement in land development.”

New managing director Steven Brady added: “I’m delighted to be joining Hadden, which with almost 25 years of successful trading, is firmly established in the Scottish construction industry. I hope to bring relevant experience and skills from over 25 years working with main contractors, to assist in meeting the chairman’s targets for our company.

“I can already see that we have the people and the skillsets as a foundation to respond to the demands of the market and the wider Scottish economy. My first challenge is to recruit further high calibre individuals to augment and compliment the current team with a view to achieving our ambitions for sustainable growth. This is certainly an exciting period for Hadden as we are in the process of a corporate re-branding to reflect our subtle re-structuring of the business, and I for one, am thrilled to be part of what the future will bring for Hadden.”

Nine contractors named on £800m Scottish schools and community buildings framework

Scottish Procurement AllianceThe Scottish Procurement Alliance has revealed the nine main contractors to have secured places on its £800 million schools and community buildings framework.

The four-year framework is split into regions as well as four value bands (up to £2m, £2m-£4m, £4m-£10m and £10m+) with four selected for each lot.

Kier and Morgan Sindall have renewed their places on the projects over £10m lot while newcomers Robertson Construction and McLaughlin & Harvey will replace previous framework winners Galliford Try and Farrans.

Galliford Try has been named as one of four preferred firms for projects worth £4m-£10m.

Other firms to have secured places include GHI Contracts, Hadden Construction, Novus Property Solutions and CCG (Scotland).

Offering new build and refurbishment works Scotland, the framework covers turnkey solutions for any type of building excluding residential.

Scottish Schools and Community Buildings framework

Projects over £10m

  • Scotland – Kier Construction, Morgan Sindall, Robertson Construction, McLaughlin & Harvey Construction

Projects £4m-£10m

  • Scotland – McLaughlin & Harvey Construction, Galliford Try Building, Kier Construction, Morgan Sindall

Projects up to £2m

  • Scotland – Refurb: Hadden Construction, GHI Contracts, Novus Property Solutions
  • Scotland – New Build: Hadden Construction

New build and refurb projects £2m-£4m

  • Southern Scotland – Hadden Construction, CCG (Scotland), Galliford Try Building
  • North East Scotland: Galliford Try Building
  • Highlands and Islands: Galliford Try Building

New build up to £2m

  • North East Scotland: Hadden Construction
  • West Scotland: Hadden Construction
  • Highlands and Islands – Hadden Construction
  • East Scotland – Hadden Construction

Hadden Construction profits from industry-wide uplift

The £4m Strathview Rise development being constructed by Hadden near Forfar

The £4m Strathview Rise development being constructed by Hadden near Forfar

Perthshire construction group Hadden has declared a “satisfactory” year of trading after posting an increase in turnover and profits.

The Courier reports that accounts newly published at Companies House show the Aberuthven-based group saw turnover increase by £4.7 million to £22.37m in the year, up from £17.6m in 2015.

Pre-tax profits were also ahead at £793,256, an uplift of more than £110,000 on the previous year’s outcome. After tax, profits for the year came in at £625,462, up from 2015’s result of £550,537.

In his directors’ report, company secretary Ronald Horne said the outcome for the year was “satisfactory” and the group entered the 2017 financial year in a healthy financial position with a strengthened balance sheet and “positive” short-term prospects.

Mr Horne said: “The controlled increase in turnover was due to improvement in activity in the industry in general, and allowed the company to further invest in personnel and land for development.

“The marginal decrease in gross margin and operating profit percentage is a reflection of this investment.”

Mr Horne said the company – which employed an average monthly workforce of 77 in the year – had benefitted during the year by a general upturn in the private housing sector.

“The company’s core business is the construction and refurbishment of major public sector and commercial buildings and the development and construction of speculative housing for sale, together with new affordable housing for the public sector,” he said.

“The speculative housing sector’s recovery has allowed the company to progress completion of dwellings at their existing land bank, and purchase a further site for mixed housing development.”

The company is involved in a wide variety of projects, with its general works team having completed a number of high-profile contracts in recent months including the refurbishment of the Moray Institute at Blackford and the upgrading and re-roofing of the South Inch Pavilion in Perth.

An 11-property affordable homes development in Alyth for Perth and Kinross Council was officially opened in August and the group is currently working on a number of school projects.

In November, Hadden announced it had struck a deal with Vista Properties to develop the £4m Strathview Rise site on the outskirts of Forfar.

Hadden Construction delivers improved financial performance

Hadden_Construction_Logo-squarePerthshire builder Hadden Construction has reported a steady sustained growth in turnover with a corresponding increase in profits.

The Aberuthven-based firm’s turnover was up 12.6 per cent at £17.6 million and pre-tax profit was 67 per cent higher at £680,945 in the year to March 31.

Respective rises during the previous years were 8.45 per cent and 28.3 per cent.

Hadden has been carrying out a wide range of projects across Scotland including the conversion of the former Eastern Primary School in Broughty Ferry into housing and the refurbishment of the Birks Cinema in Aberfeldy.

Chairman Scott Hadden told The Courier: “Our annual report shows a steady sustained growth in turnover with a corresponding increase in profits.

“Whilst the construction sector still faces challenges we are confident of continued controlled expansion through existing valued clients and new development partners with opportunities throughout Central Scotland and Tayside.”

Company secretary Ronald Horne said the latest results were satisfactory with the directors expecting to maintain the controlled growth in the company for the foreseeable future.

Hadden’s core business is the construction and refurbishment of major public sector and commercial buildings, together with new affordable housing for the public sector.

“The speculative housing sector has shown signs of recovery which has resulted in the sale of the final two completed dwellings in the company’s land holdings,” he said.

These were at Rawes Farm Steading at Longforgan but consent has just been received for Hadden to build another eight houses on the site.

Mr Horne continued: “The controlled increase in turnover was due to the improvement in activity in the industry in general, and allowed the company to further invest in personnel and infrastructure.”

The head office was modernised and extended to facilitate Hadden’s growth and take advantage of the industry’s upturn.

Mr Horne said the risks facing the firm were those for the construction industry generally, but its financial position was healthy.

The firm, with a payroll of 72, prides itself in its reputation for reliability, personal service and innovative solutions.

Repeat business level sits at 75 per cent and its quality management system feedback system revealed a current customer satisfaction rate of 93 per cent.

Scottish contractors offered work opportunities

ConstructionlineConstruction companies from around Scotland are being invited to a free Meet the Buyer event in Edinburgh on 1 October, to find out about upcoming work contracts.

Buyers already signed up to the event include major contractor Vinci, as well as the Scottish Government’s Public Contracts Division and the Scottish Building Federation.

Hadden Construction and Clarks Contracts will also be in attendance and will be presenting on their latest projects.

Constructionline is hosting the event at The Corn Exchange in Edinburgh, which will provide small businesses with valuable introductions to procurement teams from large construction clients from across Scotland.

The event will see decision-makers from the organisations give presentations detailing the impending work opportunities, as well as providing attendees with advice on bidding for work.

Stephanie Lawrie, client relationship manager at Constructionline, said: “In our experience, contractors working in Scotland want to provide work for local SMEs, and Scottish subcontractors are equally as eager to win these tenders.

“Our Meet the Buyer event in Edinburgh is designed to offer these local companies the chance to meet face-to-face with key procurement decision makers from top buyers in the region, helping them understand the selection criteria and how they can best apply. It’s a great opportunity for subcontractors in the area to hear about work they might not have otherwise had access to.”

The event will run from 8.30am until 2pm and suppliers do not have to be a Constructionline member to attend. For more information or to register interest, go to: www.constructionline.co.uk/events.

Growth on cards for Hadden Construction following HQ upgrade

Hadden_Construction_Logo-squareHadden Construction is looking to restart residential development after completing work on a £650,000 investment to extend its Perthshire headquarters.

With support from a £300,000 funding package from Bank of Scotland, the builder has now doubled the size of its Aberuthven base in a move that will also boost the 124-strong workforce.

Scott Hadden, the chairman of Hadden Construction, 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.”

The company was impacted during the economic downturn but turnover is now on track to return to pre-recession levels of more than £20 million, and it is recruiting for various roles.

SME banking relationship manager Andy McKie said: “Hadden Construction has successfully navigated itself through a tough economic climate for the sector and is well positioned for growth.

“The investment in its 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.

“We look forward to supporting the business through its next stage of development as it looks to build its workforce and turnover during 2015.”

Hadden has recently appointed to convert a former Dundee primary school into flats following the collapse of Muirfield Contracts.

New contractors move in on Muirfield site in Dundee

Eastern Primary SchoolHadden Construction has been tasked with taking over the conversion of a former Dundee primary school following the collapse of Muirfield Contracts.

Tor Homes (Scotland) Ltd appointed the contractors to create 27 luxury apartments from the Eastern Primary School in Broughty Ferry.

The original school building was constructed in 1911 to James H Langlands’ designs.  Due to its architectural significance, it has achieved A listed status in order to protect the magnificent structure.

The spacious new apartments will deliver open plan living spaces, some with vaulted ceilings and cathedral windows and others with mezzannine floors and glass walls.

The windows to each apartment will be replaced on a like for like basis to preserve the quality and facade of the original building.

Paul Millan, director of Tor Homes, said: “We are delighted with the appointment of Hadden Construction and, given their experience of many sensitive refurbishment projects, we now look forward to making good progress with the Eastern Residences development.”

Constructionline to host Glasgow ‘Meet the Buyer’ event

ConstructionlineSubcontractors and suppliers from Glasgow are being invited to a free ‘Meet the Buyer’ event at Hampden Park on Thursday to line-up deals with major industry names.

Constructionline is hosting the event session to help small businesses and SMEs meet face to face with key procurement decision makers from around Scotland.

Heron Bros Ltd will join other buyers that have signed up including the Scottish Government, and the National Trust for Scotland, as well as Stewart Milne Group, McLaughlin & Harvey, Barr Construction, Clark Contracts, Hadden Construction and Mears.

Stephanie Lawrie, client relationship manager at Constructionline, said: “In our experience local government and other businesses are wanting to give work to SMEs in their area, and on the other side, contractors are very eager to get involved in these projects. However, it’s often challenging for each to gain access to the other.

“This event is designed to offer valuable introductions between local construction companies and buyers to make this link possible, and to help build relationships between them for future projects.”

The event will run from 8:30am until 3pm and suppliers do not have to be a Constructionline member to attend. For more information or to register interest click here.