15 Jul 2013

GreenSquare’s construction arm to build 225 new homes by 2015

Housing group GreenSquare’s in-house construction arm, Tidestone, is set to develop 225 homes by 2015, which will see the company working across all of the areas GreenSquare operates in – Swindon, Wiltshire, Oxfordshire and Gloucestershire.

The construction company has seen its turnover and staff numbers increase over the past year and is expecting to enjoy further growth over the coming months. It recently welcomed aboard four new site managers, as part of its revised management structure, and has also seen three more recruits join its technical and commercial teams.

Ernie Randell, Construction Manager, said: “We are focused on delivering high-quality, sustainable, and value-for-money design and build services. We had a productive year in 2012, with our profits ahead of forecast, despite budgeted turnover dipping as a result of planning delays.

“Now, our emerging budget for 2013-14 will see us working on up to ten sites at any given time across all the GreenSquare areas of operation, with an anticipated turnover of approximately £14 million – a significant increase from 2012. With so many projects in the pipeline, we are looking for additional resource to join the team.”

Colin Bloodworth, Head of Development Services, added: “This is an exciting time for both Tidestone and the communities where we are building new homes.  With so many schemes planned, we will be creating real jobs in several local communities and helping to drive local growth.

“The coming year will certainly be challenging, but we are focused on working closely with GreenSquare colleagues to meet the challenges head on and stay on course for project completion by the March 2015 deadline.”

Projects that Tidestone is currently working on include 36 family homes in Faringdon, 17 homes in Corsham, 90 family homes of the former Trowbridge Rugby Club site, 38 family homes at the former jam factory site in Easterton, and 22 flats for affordable rent in Banbury.