Starfish Constructions: Reflecting on a Successful Year and Gearing Up for Growth
As we close the Financial Year 2023/24, we are excited to share our achievements and strategic vision for the coming year. Despite narrowly missing our projected turnover target of £20 million, achieving an impressive £18.8 million, Starfish Construction continuously demonstrates resilience and strength in the market.
Our success is built on impressive contract wins, the successful delivery of projects, the development of our integrated service divisions, and a robust sales pipeline. These elements provide a solid foundation for our future growth and the financial year ahead.
Key Objectives for 2024/25:
- Expanding Revenue Streams: We are committed to growing our turnover and revenue streams at Manchester, Motherwell, and London Hubs.
- Enhancing Market Presence: We will continue strengthening our foothold in traditional markets and the rapidly growing Façade sector, where we have seen substantial growth over the past seven years.
- New Operational Hubs: Plans are underway to introduce new Operational Hubs in the Midlands, Yorkshire, and potentially the Southwest.
- Client Retention and Acquisition: We aim to maintain strong relationships with existing clients while welcoming new clients into our portfolio.
With an ambitious projected turnover target of £30 million for the financial year 2024/25, we are confident that our people, integrated service solutions, and company structure can achieve this projected 60% growth. Throughout Starfish Construction's history, we've continuously planned and managed our growth in a controlled, and sustainable manner.
Celebrating Our Promoted Team Members:
To support our growth, we are enhancing our organisational structure and are pleased to announce the following internal promotions:
- Adam Denton-Beaumont, Director (London & South Hub)
- Joe Hulley, Associate Director (Design & Technical)
- Robert Morgan, Projects Director (London, Midlands & South)
- Joe Sheridan, Associate Project Director (Traditional Roofing)
Meet Our Promoted Leaders:
Adam Denton-Beaumont will lead the growth and expansion of the London & South Hub, focusing on maximising our operations and income streams. Adam will continue to head our St. George's Island project while collaborating closely with our Sales & Marketing, Commercial, Technical Surveying, and Accounts & Admin teams.
Joe Hulley will oversee the Starfish Construction Design & Technical function, steering the anticipated exponential growth in Façade projects. Joe and his team will drive recruitment and training efforts to bolster our department.
Rob Morgan will manage projects across London, the Midlands, and the South. Rob's proven track record in delivering successful Façade projects will be pivotal in developing new opportunities and enhancing our project delivery capabilities.
Joe Sheridan will spearhead our Traditional Roofing projects, ensuring the safe and timely delivery of services. Joe's long-standing dedication and expertise will continue to be invaluable to our company's success.
Looking Ahead:
Our five-year strategic development plan anticipates significant growth, with employee recruitment and staff numbers expected to increase three to four times. This expansion will create exciting promotion opportunities for our existing team. We will continue to nurture and develop our people while recruiting and training the best talent in the industry.
I thank our customers and partners for your continued support and look forward to continuing our relationship and journey.
Best regards,
John Jessimer
Starfish Construction Managing Director
