Developer and construction firm employs 50 people in Liverpool and Manchester and works on major projects across the residential, student, leisure and retail sectors. Tony McDonough reports
Property developer and construction firm Vermont has moved into a new head office in Liverpool city centre after annual revenues soared from £17m to a projected £55m in just two years.
The company, which employs 50 people and also has an office in Manchester’s Media City, has moved into No 1 Sefton Street at the Quarter.
Vermont works across the residential, student, leisure and retail sectors and the new base will support the growth of the group’s development and contracting pipeline across the North West.
Turnover has risen significantly from £17m in 2015 to a projected £55m between April 2017 and March 2018, with a further £120m of construction orders secured beyond 2018.
The office will provide a hub and one-stop shop from which Vermont will manage a variety of projects on behalf of their partners, from design and construction through to lettings and management.
Projects in the pipeline for 2017 include the first phase of the £107m X1-Manchester Waters development, together with the initial phase of The Campus development at Salford University.
And Vermont is currently on site delivering the final phase of the award-winning The Quarter development in Liverpool, due for completion in December 2018.
Established in 2004 by Mark Connor, the company provides a range of development and contracting services across the property and construction sectors.
Since its inception, its in-house team has delivered over 1.8m sq ft of accommodation across residential, student, leisure and retail sectors with a gross development value in excess of £280m.
Mr Connor said: “This is an exciting time for the business as we plan for the future and the new head office will be instrumental to our continued success and growth.
“We will continue to focus on the residential and student sectors, albeit this market is evolving with the growth of PRS and now institutional funding finding its way into the Liverpool and Manchester markets.”
The group has also confirmed its intention to establish the Vermont Investment Trust in 2017 which will look to provide seed capital and investment into new local start-up businesses with all returns generated then be gifted to local charities across the region.