PBS Builds Turnover
posted 9 April 2008
PBS Group is forecasting a turnover of more than £6million at year ending March 2008, compared with £4.4million the previous year.
Andy Chaffer from SYIF with Robert Daniels, Managing Director at PBS Group
The business works on the refurbishment of social housing, care homes and schools, across the North of England, East Midlands and is planning to enter the M4 corridor, as well as sub-contracting work to larger construction companies.
PBS Group has been assisted with a £50,00 loan from SYIF towards the working capital covering the expansion of the business* operations.
The funding has allowed the company to create partnerships with Henry Boot, The Wates Group and Bramall Construction. In partnership with the Wates Group, the PBS Group is assisting with the fitting of kitchens, bathrooms, renewing central heating and the rewiring of 200 properties in Doncaster.
David Tuck, Business Development Director at PBS Group, said: "When I arrived at the company 18 months ago, the business worked with just one contractor. This limited the scope for the future and we needed to broaden our operations outlook.
"The Group has now opened up a number of new opportunities and avenues to market with many contractors and we are starting to sec this come to fruition with the substantial increase in turnover.
"We are able to deliver all elements of construction work and the business feels it's unique selling point is that we are able to hand back properties in a timely and cost-effective manner."
PBS was introduced to SYIF by Graham Walker from NatWest's Commercial Banking team.
Robert Daniels, Managing Director of the PBS Group, added: "The support from SYIF and the Royal Bank of Scotland is proof of how networking can benefit any business.
"PBS now plans to consolidate its social housing developments in Doncaster and continue to diversify and expand its relationship with Portakabin. It will also be starting work for the Ministry of Defence."
Andy Chaffer, SYlF's Business Director, says: "PBS Group Ltd is a rapidly expanding construction company dedicated to using local people to drive the business forward.
"They encourage apprenticeships enabling young people to gain the skills they require to enjoy a longlasting career in the construction industry. We are therefore pleased to support their expansion with this funding as it will provide more job opportunities in South Yorkshire."
