With around 1,200 people due to transfer to Wates Group, Burnand commented that the end of the family-owned construction business was “sad but at least the people and projects will be run by people who want to do so”. He told Construction Manager: “The Shepherd family members currently controlling the company have never been keen on construction – they turned down my suggestion to call it the Portakabin Group in 2004 but it seems that’s where they are headed.” Vaughan Burnand, former chief executive of Shepherd Construction
"The Shepherd family members currently controlling the company have never been keen on construction – they turned down my suggestion to call it the Portakabin Group in 2004 but it seems that’s where they are headed." But the Portakabin business made an operating profit of £29.7m (up 33% from the previous year) on a turnover of £218.9m (up 18%).Īccording to Construction Enquirer, Shepherd Construction chalked up losses of £8.2m on a turnover of £240m, results that triggered a wave of exits from the construction business, and 55 redundancies announced last week. Shepherd Engineering Services did better, however, with a £5.3m profit on turnover of £208m. In its most recent results, for the year ended 30 June 2014, the group as a whole made £10.1m on turnover which fell from £748m the previous year to £686m. Its small house building arm, Shepherd Homes, was sold to Galliford Try last week.īut those three retained businesses account for the bulk of the group’s 3,000 strong headcount, and apparently acted as Shepherd Group’s “profit centre” for several years. Shepherd Group’s agreement yesterday to sell its construction business, its M&E contracting arm and its FM business to Wates Group leaves just the Portakabin brand and two niche engineering services business, Portastor and Portasilo, in its hands.
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