A Tyneside mechanical and electrical specialist is creating new jobs as it marks its 50th anniversary with record revenues.
Directors at Norstead, part of the Killingworth-based construction firm Metnor Group, say the company is expanding outside its home territory as well as winning new projects.
Norstead, which has a second office in Maidenhead, was established in 1971 to specialises in the design and installation of mechanical and electrical services in a number of commercial and industrial sectors.
Despite the backdrop of the pandemic yielding tough results, turnover for Norstead is forecast to reach a record £40m in 2022, a 58% increase on 2019’s turnover of £23.5m.
The business, which has recently relocated into Metnor House, plans to secure new offices in Maidenhead later this year and create up to 10 new roles to support its expansion plans and bolster their engineering and commercial teams.
It has also created roles after setting out on one of its biggest projects to date with the development of Poole and Bournemouth NHS Trust, which has a combined deal value of £25m.
The project has involved developing a micro village on the south coast and recruiting a local team, which in turn has brought a number of employment opportunities to the area.
Recently completed and current projects in the pipeline include the development of the White Room at the British Museum, the critical care project at Chelsea and Westminster hospital, the Hyatt Hotel in Whitechapel, London and Thames Hospice in Bray.
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Closer to home the firm has been involved in the Gateshead Skills Scheme and the construction of the Seaburn Inn in Sunderland.
Earlier this year, Norstead promoted Dan Hopkins to operations director and Jonathan Grant to commercial director.
Mr Grant said: “Like many other businesses in the construction sector, the pandemic has delivered challenges for Norstead but by being agile and adapting to those changes, we’ve kept our staff safe while delivering prestigious projects. Our team is led by construction professionals which sets us apart from the competition and our transparent partnership approach is paying dividends with a number of record new wins."
Mr Hopkins added: “Thanks to our fantastic staff, amazing clients and loyal supply chain we’re delighted to be celebrating our 50-year anniversary. For Norstead, like many companies in the trade, the last two have been some of our most challenging but in that time, we’ve made significant changes to the business, defining and driving home our core values and bringing in new operational and commercial professionals to add to our existing team.
“These changes are already making a difference and we’ve got a strong order book as we go into the second half of 2021 and beyond. It’s an exciting time for all of us at Norstead and I’m optimistic about the years ahead.”