Property services firm switches HQ from Alty to Sale

PROPERTY services group Styles&Wood plc has completed its relocation to new, larger headquarters in Sale, Greater Manchester as it celebrates its 35th year in business.

The move, from offices in Aspect House, Altrincham to the 26,530sq ft Cavendish House on Cross Street, follows a period of sustained growth for the business, which included announcing significantly improved revenues of £115m for 2015, an 18% on 2014.

Established in Manchester in 1981, Styles&Wood initially focused on delivering fit-out projects for the UK’s leading retailers. Under the leadership of chief executive Tony Lenehan, it has developed new specialisms in design, project management and building intelligence technologies, and diversified into sectors including the commercial office, leisure and education markets.

Recent instructions include the £17m refurbishment of Manchester’s 160,000sq ft Westminster House and securing places on a number of major banking sector frameworks, including a relationship with TSB that is expected to contribute up to £75m of revenue over five years.

The AIM-listed business’ relocation to Cavendish House follows a 20% growth in its headcount in 2015, bringing its total workforce to 342. More than 150 employees have made the move to Cavendish House, with others based at its offices in London and Nottingham.

Lenehan said: “It’s been a milestone year for the business so far – completing a successful refinance, considerably strengthening our balance sheet, celebrating our 35th anniversary and investing in these new, fit for purpose headquarters.

“This expansion reflects our ongoing growth and the Group’s aspirations for the future, with a new open-plan HQ that enables our different teams to work together more easily.

“We’re seeing strong demand for refurbishment work across a range of our key sectors.

“While we continue to work with major retailers, we’ve successfully transitioned from a time when the sector dominated our order book to it representing just 14 per cent of group revenue in 2015 – a clear sign of the appeal of our end-to-end property services in the wider marketplace.”