M&E specialist unveils plans to double turnover to £30m
Leigh-based mechanical and electrical specialist Genlec says it plans to grow significantly, with turnover targets doubling from £15m to £30m.
The 20-year-old business said it is embarking on an expansion strategy.
Managing director Jonathan Twentyman said: “Now is a really exciting time for Genlec as we continue to press ahead with our business development journey.
“We’re at a point where we are ready to take the business to the next level, expanding our presence across the region in the delivery of large scale, and often complex mechanical and electrical services, with the aim of effectively doubling turnover.”
The company recently secured a major mechanical and electrical installation project with Russells Construction as part of the 20-storey Motel One and Staycity development in Manchester city centre for Property Alliance Group.
At the new site, the towering structure, located at the site of the former Peterloo House at 3 St Peter’s Square, will see the creation of 328 hotel rooms for Motel One, which will occupy levels ground to eight, while Staycity Aparthotels will provide 256 studios and one-bedroom units under its premium ‘Wilde Aparthotels’ brand on floors nine to 20.
Work by the M&E specialist is set to begin this Summer.
Genlec has, however, been collaborating with the project management and wider supply chain teams since the beginning of the year.
Developed under a range of innovative and sustainable design principles, all floor and ceiling slabs will be built using precast concrete form, delivered to site with first fix electrical infrastructure in-situ, ready to be simply placed and secured.
The Genlec operation will be carried out over a 21-month period, delivering hand over in 2021. A site team of approximately 20 operatives, plus an in-house management team, will start on site in the Summer.
During peak points, however, this figure will rise significantly, taking the Genlec workforce to around 40-plus.
Jonathan added: “This is a fantastic contract win for Genlec. The scheme is an ambitious and unique development for Manchester that will add further weight to the exciting city centre skyline and it’s great to be part of that.
“This is also our first scheme working with Russells Construction and we’re delighted to be chosen as their M&E partner for this