{"id":507506,"date":"2024-10-10T12:45:16","date_gmt":"2024-10-10T11:45:16","guid":{"rendered":"https:\/\/www.constructionnews.co.uk\/?p=507506"},"modified":"2024-10-10T12:50:26","modified_gmt":"2024-10-10T11:50:26","slug":"supply-chain-needs-helping-hand-but-future-is-bright-says-caddick-md","status":"publish","type":"post","link":"https:\/\/www.constructionnews.co.uk\/sections\/long-reads\/interviews\/supply-chain-needs-helping-hand-but-future-is-bright-says-caddick-md-10-10-2024\/","title":{"rendered":"Supply chain needs helping hand but future is bright, says Caddick MD"},"content":{"rendered":"

It is not the first and it will not be the last. But some good can come from ISG\u2019s collapse last month, Caddick Construction managing director Paul Dodsworth tells Construction News<\/em>.<\/p>\n

When ISG went under, taking retentions, jobs and any semblance of certainty for many with it, Dodsworth took to social media to offer support to Caddick\u2019s supply chain.<\/p>\n

\u201cI put a post out on social media that offered a hand to any of our supply chain that may have been adversely affected, and I think it had 400,000 odd impressions. That blew my brains,\u201d he says.<\/p>\n

Caddick also released retentions early to some of its subcontractors that were impacted by ISG<\/a>\u2019s collapse<\/a>, and has taken on more than a dozen former ISG workers since it went under.<\/p>\n

\u201cIt\u2019s nice to be able to offer a hand – we are in growth,\u201d Dodsworth says. \u201cWe did have recruitment requirements, and ISG had some really good people.”<\/p>\n

\u2018The right customer, the right project\u2019<\/h3>\n

Caddick Construction entered a new financial year on 1 September 2024.<\/p>\n

Since its latest accounts were published, Dodsworth has been \u201creally pleased\u201d with the firm\u2019s continued growth in turnover and profit, he tells CN<\/em>. That, he says, is very much down to choosing \u201cthe right customer, the right project, the right contract terms and, indeed, the right supply chain\u201d.<\/p>\n

In its most recent accounts, for the year to 31 August 2023, Caddick Construction returned to a pre-tax profit, <\/a>posting \u00a37.4m \u2013 a sharp contrast to the \u00a32.3m pre-tax loss the prior year. Turnover was also up, by nearly 40 per cent, which he puts down to a \u201cdisciplined approach\u201d around growth.<\/p>\n

Big breadth<\/h3>\n

To spread risk and open up more markets, one of Dodsworth\u2019s key plans when he joined Caddick was to shift part of the business to accommodate more public work. So the new government\u2019s focus on using infrastructure to spur on growth is a welcome boost, he says.<\/p>\n

\u201cWe\u2019ve made our way onto a good number of frameworks \u2013 we\u2019ve been measured in our approach. But it transpired that we were going to have a change in government, so there was more work going to be delivered through the public sector.\u201d<\/p>\n

A new team \u2013 made up of new additions to Caddick Construction and existing staff \u2013 has now been set up to bid for more frameworks as they become available.<\/p>\n

But \u201cwhat really excites\u201d Caddick Construction (and parent company Caddick Group) is the government\u2019s commitment to building 1.5 million homes during this parliament<\/a>. Caddick Group is firmly involved in the housing sector as both a construction contractor and a developer through Moda Living \u2013 a build-to-rent joint venture with real estate firm Generate Land.<\/p>\n

The volume of remediation work coming up also presents an opportunity, Dodsworth says, adding that some firms \u201chave run a million miles\u201d from any work involving the Building Safety Act (BSA).<\/p>\n

The firm\u2019s focus on housing, coupled with Caddick Construction\u2019s relatively new cladding expertise, means it is on the \u201cfront foot\u201d around the BSA. It is currently remediating three sites (not built by Caddick) with dangerous cladding, all of them high-rise.<\/p>\n

CCL Facades increased its turnover by about \u00a310m in its most recent financial year, Dodsworth adds, and is expected to grow further, thanks partly to remediation work.<\/p>\n

\u201cThe rigid quality standards that we have at Caddick mean we are there doing a service, so people can sort their mortgages out and sell their places and move on. We\u2019re quite happy to get involved in this type of project,\u201d he adds.<\/p>\n

With remediation work yet to start on 2,394 buildings fitted with dangerous cladding (as of August), that work is set to come thick and fast.<\/p>\n","protected":false},"excerpt":{"rendered":"

It is not the first and it will not be the last. But some good can come from ISG\u2019s collapse last month, Caddick Construction managing director Paul Dodsworth tells Construction News. When ISG went under, taking retentions, jobs and any semblance of certainty for many with it, Dodsworth took to social media to offer support …<\/p>\n","protected":false},"author":90643,"featured_media":462414,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ep_exclude_from_search":false},"categories":[570,57171],"tags":[],"yoast_head":"\n\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\t\n\t\n\t\n