Red revamps group structure in push for growth

It will be focusing on four distinct areas – geography; scale; sector specialism; and supply chain – under a newly-created parent company RedGroup Ltd.

Details of the four areas are:

• Geographical focus: Red South West and the newly-created Red London and Red East comprise RED Group’s geographical focus.
• Large-scale contracts: Red Major Projects is an evolution of the existing Red business to focus on £60m plus contracts.
• Sector specialism: the group’s first sector specialist business is Red Tailored, which will focus on luxury hotel sector upgrades.
• Supply chain: Red Group has acquired Form, a bespoke manufacturer of quality joinery, and previously-established One MEP, a provider of mechanical and electrical services for a variety of sectors in the built environment.

Graham Sturge, CEO, Red Group, said: “Over the last 10 years, Red has delivered a sustained level of growth that has created a robust, diversified, and highly successful business known for its ability to deliver the most complex of projects by always finding a way to achieve viability during even the most volatile economic climate cycles.

“We are not stopping there though, and over the next five years we want to achieve an annual compound growth of 10% per annum.

“To do so, however, requires control and opportunity, two tenets that have underpinned Red from the outset.  Control comes from having talented teams and a clear plan, which this reorganisation is part of to create even greater focus.

“As for opportunity, we have always had an entrepreneurial spirit, seeing or creating opportunities that enable the company and the team to thrive, and the reorganisation will ensure we can continue to do so as we add scale.”