AN electrical contractor is confident of topping the £3m turnover mark and growing its workforce by 2014 after buying out a Yorkshire firm.
Durham-based John Cullerton & Sons has bought Castleford-based electrical service company R Levitt in a bid to expand its North East customer base and offer current clients more services.
The Yorkshire business fell into administration in January, and was bought by John Cullerton, saving eight jobs. Established in 1956, the company, which now trades as John Cullerton York division, offers a one-stop shop facility for all trades within the building services environment.
As well as providing electrical contractors and maintenance engineers, the company also offers heating, plumbing, refrigeration, air conditioning, gas installation and maintenance services.
The company has an impressive client portfolio including working with the Royal Armouries, North Yorkshire County Council and Carillion.
The company’s owner, John Cullerton, says the acquisition is a strategic one as his Durham-based firm looks to branch into further UK territories.
He said: “When you travel outside of a 30 to 40- mile radius you struggle to make money because of costs involved in taking the work that far.
“With a base in Yorkshire we have a greater geographical area and resources to call upon. By taking over the company we increased our turnover by £1m to £2.5m and I’m confident that we can take that up to £3m in the next 12 months.
“We also have plans to grow our 38-strong workforce to 40.
“We’ve been subcontracting out work for North Yorkshire Council for some time, but now we can offer our clients a full service and cut those costs down dramatically.”
John Cullerton & Sons works within the commercial, retail, leisure, industrial and domestic markets and operates a fleet of 20 vans. The firm was a former customer of Levitts and Cullerton quickly negotiated a deal after it fell into administration.
He said: “My ambition is to consolidate this growth over the next 12 months and offer our clients, both existing and new, a greater area of coverage both geographically and service wise.
“When you’re competing against the big players like Balfour Beatty , you have to offer more to the client. Everybody in the big cities like Newcastle and Middlesbrough are fighting for the same scraps of work.
“There’s a lot going on in Hartlepool, Darlington, Thirsk and Ripon and they’re areas that we can certainly penetrate.
“We are extremely pleased to have secured a future for this Yorkshire business which has been trading for 57 years, but became yet another victim of the downturn.”