The Directors have created a group which provides a range of specialist construction services to both the private and public sectors and to deliver value to shareholders by cross selling those services to clients within the Group. In pursuance of this strategy, the Directors intend to acquire other well-run companies which will enable them to extend the range of such services, as well as exploiting the opportunities presented by its reputation in the various sectors in which it operates.
The Group's principal companies (Mountfield and Connaught) have extensive and recognised experience in the installation of Data Centres and associated specialist works. The Directors believe that this is a marketplace that is growing rapidly and they also believe that the Group is well placed to benefit from such growth because of its excellent client base and its reputation for producing quality work within agreed contractual times..
In addition to Data Centre installations and the other activities, the Group will identify target sectors in the commercial field to extend its current business model including the fitting out and refurbishment of office buildings and general builderswork packages.
The Group's other activity is a site assembly business and although the residential development market has currently slowed, sites for current development or for land banking remain of interest to a variety of developers and in particular housing associations. To this end the business is developing several opportunities that are expected to be completed over the next two years.
Over the next three years the Directors intend to integrate the current businesses and expand them geographically by employing the combined resources of the Group. The Group's long term objective is to be a provider of a wide range of specialist construction services on a nationwide basis using a shared client base and management structure that covers both private and public sector opportunities.
The Company's investment strategy will be to acquire businesses which will supplement its existing operations. The Directors intend that the Group should be able to offer an integrated range of services within the construction and property services sector to both existing and potential customers.