Record month for construction firm as orders top £75m

Corby-based contractor Kori Construction has reported a record-breaking month in June, securing six new projects with a combined value of £75m.

The business was appointed to build four new care homes and an assisted living complex totalling more than 400 bedrooms and a 100 bed hostel on behalf of the YMCA.

The projects span Surrey, Norfolk, the West Midlands, Cambridgeshire, Berkshire and Hertfordshire.

Last year, Kori Construction’s turnover grew to £35m, up from £20m the year before.

Jordan Connachie, managing director of Kori Construction said: “Securing £75m of business in a single month is a phenomenal result and I couldn’t be more proud of the team here at Kori.

“This host of project awards puts us right on target to achieve the growth targets we set out in our five year business plan.

“We have been working hard to establish great relationships and a great reputation within the industry and have received some excellent feedback on the developments we’ve delivered to date, which put us in a beneficial position to win repeat business.

“The fact that 80% of the new business comes from existing customers demonstrates that the foundations we’ve built are strong and that our hard work is paying off.”

Connachie added that securing the contracts coincided with the release of the company’s latest annual accounts that reveal Kori Construction achieved industry-leading profit margins and a 100% increase in net worth in 2022.

“This is a result of our commitment to retain the profits within the business,” he said.

“Our ethos has always been about achieving ambitious but manageable growth; growth that can be sustained over the long term so we can build a strong business that delivers for our people, our clients, the communities we work alongside, and the environment.

“That is our vision of success, and it is shared by every member of the team. June’s record-breaking performance is another step closer to achieving that.”