Powerminster Gleeson Services has been unaffected by the cutbacks carried out by parent MJ Gleeson Group. Powerminster’s emphasis on refurbishment means the firm has been insulated from the new-build housing slump.
Bucking the trend in the rest of the company Powerminster said in a statement that it was rapidly expanding its business in the regeneration and facilities management sectors. It put this success down to its experience in total building maintenance, particularly on long term PFI projects.
Martyn Horton, managing director of Powerminster Gleeson Services said: “This has had no affect on us at all. Our business is completely standalone.
“There is not a lot of activity in the new-build housing market but our work is predominately facilities and estates management where we have seen a higher degree of spend. We’ve just tied up a 25 year PFI project in Leeds, so we have a good backbone of work.”
In response to the credit crunch, and adverse housing market conditions, MJ Gleeson Group has undertaken a major restructuring.
This includes scaling down operations in the South of England and Gleeson Regeneration & Homes closing its Sheffield office.
Powerminster employs over 100 people in its head office in Sheffield and has a facilities management order book with an anticipated value in excess of £140 million.