Nottingham’s A1 Flue Systems is expecting to secure more than £8m worth of large new contracts within the next couple of months.
The company – which employs nearly 150 people at its factory – is expecting to seal the deal on half a dozen projects imminently for a new hospital, some large-scale housing developments within the M25 and the next phase of work on an iconic London landmark.
The team at A1 Flues have been working on proposals and tenders for these projects dating back at least three years, and they are all coming to fruition at the same time.
The company is gearing up for an influx of new business and predicts that it will be able to cope with demand due to its adept management, so it doesn’t expect to have to go on a significant recruitment drive to fulfil the contracts.
The company is currently working on a number of projects in the capital but is subject to non-disclosure agreements (NDAs) but it points to its track record of projects across the London skyline – including The Shard, The Gherkin, the Cheesegrater and the Walkie Talkie – to demonstrate the level of its expertise.
Director John Hamnett said that the company is entering these new contracts with its eyes wide open – especially because of the changing landscape within the construction industry.
Last month, the company gave its backing to new legislation currently going through Parliament that aims to give SMEs more protection in areas such as retentions – where large contractors withhold up to 5% of payment until the job has been completed to their satisfaction.
John said: “It’s understandable, given what happened with Carillion, that suppliers and subbies to main contractors are very wary going forward. But given the fact that we have contracts with more than 20 of the UK’s largest construction firms, we try to spread our exposure by not having too many eggs in one basket.
“As we sign each new contract, we are very mindful that this is the culmination of a lot of hard work by a great team of people in the different departments at A1 Flues, who work seamlessly together to deliver some fantastic projects.”