Last updated 10th November 2022
Henry Construction
Based in west London near Heathrow, Henry Construction has grown from a small civils contractor to a significant multi-disciplinary group with a blue chip client base and a significant repeat business and with a turnover of around £400 million.
Today, it works mainly in London and the South East on private and mixed residential schemes and for public associations and is also developing some hotels and student accommodation. In recent times, the company has also worked for clients on repeat business in Manchester, Birmingham, Bristol, Southampton and Brighton. Recent growth at the company has reflected both increased activity and the size of contracts Henry is working on.
As a medium-sized contractor with a strong track record, Henry puts an emphasis on having a strong direct skills base which enables it to provide around 50-70% of the trades on a project from its in-house team. Henry Construction Projects had around 49 employees in mid-2021, up from 39 a year previously.
Key sectors for Henry, whose main office is at Cranford in Middlesex, include residential, student accommodation, hotels, commercial, private rented sector (PRS), social housing and RC Frame.
Meanwhile, the firm provides a wide range of services including pre-construction advice, new build, refurbishment, groundworks & piling, concrete frame and fit-out. It also offers numerous in-house services such as RC frame, window installation, floors & ceilings, groundwork, brickwork & facades, drywall lining, kitchens & bathrooms, cranes & scaffolding and piling.
In the group’s latest annual report published in May 2022, director Mark Henry said the outlook was positive and the firm’s order book was healthy.
Financials
To view the latest financials for Henry Construction Projects Ltd. go to Companies House and see Company ID 07282527
Henry Construction Projects delivered a solid set of figures with its latest-published results to the year-ending June 2021. Turnover at the group climbed to £402.2 million, up from £376.6 million and pre-tax profit rose to £13.99 million from £12.93 million. Meanwhile, the firm’s cash position remained healthy, with cash of £61.5 million as at June 2021, up from £56.1 million a year earlier. Net assets grew to £38.1 million from £26.3 million
Operations
Key projects where the company has worked include some significant private rented sector schemes. These include Taberner House in Croydon where Henry worked with Legal & General and L&Q on a development involving four tower blocks and over 500 plots. At Chesterfield House in Wembley Central, Henry worked for Hub Residential on a redevelopment of some 239 flats for rent.
In the social housing sector, Henry Construction worked for The Guiness Partnership on a scheme of 491 new homes in blocks ranging from 12-26 storeys on a development in Bromley by Bow which forms phase 1 of a key regeneration scheme in east London. The scheme also involved restaurants, retail and office space.
Meanwhile, at Circus Street in Brighton, Henry is working on a scheme involving student accommodation for up to 450 along with around 140 new homes and two major new public buildings.
Glenigan Data
Glenigan data shows that Henry Construction ranked 24th in a league table of major contractors in the year to September 2022. The company was involved with 16 major deals worth a total of £511.5 million and split between building, £486.5 million and civils, £25 million.
Glenigan Data points to a busy current workload at Henry Construction. The company is the main contractor on a £72 million student accommodation scheme involving 662 rooms at Brent Cross Plot 25 in London for Fusion Students where work is starting in autumn 2022 and set to run for 23 months (Project ID: 22402338). Meanwhile, Henry Construction Projects is the main contractor on The Rex, a £10.85 million scheme involving around 200 co-living flats with commercial units in Kingston-on-Thames, where work is set to start in spring 2023 and run for 24 months (Project ID: 21311342).
Conclusion – a strong reputation in promising markets
Henry Construction has established a strong reputation in some promising markets across London and the South East which should leave it well-placed for further growth. The company’s track record on major private rental schemes and in social housing give the company exposure to what are likely to be two of the most resilient sectors during an uncertain period for the industry. Meanwhile its emphasis on providing skills in-house should help it secure repeat business and reinforce its links with major blue chip clients in the sector.
How to win work with Henry Construction Projects
Henry Construction Projects approach to its supply chain outlined in its annual report highlights its priorities as: maintaining the highest level of professional and ethical standards; making it easy to engage with the group and proactively working with local labour and SMEs. Its emphasis on in-house skills is highlighted by a statement that it has ‘turned back time to a period when contractors used to build in-house’. The group”s site at www.henryconstruction.co.uk also gives full details of its health and safety strategy.
Key contacts
Martin Fitzpatrick, Project Manager, Henry Construction Projects
Telephone: 020 8754 1227
James Macarteney, MEP Director, Henry Construction Projects
Telephone: 020 8754 1227