Raisco, based in Newton Aycliffe, has taken on five new employees this summer after seeing a jump in turnover, in line with a surge in repeat business and jobs from new customers.
The firm saw sales slide to £2.5m for 2012/13, from £3.8m the year before, despite doubling revenues two years running, but managing director Gary Raistrick said he expects sales to rise to £6m in the current financial year following the rise in work, prompting plans to expand into new lines of work and create more jobs.
“We’re winning a lot of repeat business with the likes of Interserve, Miller Construction, Surgo Construction, Robertson, Esh and WS,” said Raistrick.
“But we’ve also recently taken on a number of new clients and we’re now working with the likes of Kier and Styles and Wood.
“Our projects cover the length and breadth of the country and with recent ongoing and awarded contracts from North Scotland, North West, South West and South East including also our local area in the North East shows our ability to operate nationally simultaneously.”
Raisco, which recently gained ISO9001 accreditation, has taken on five new members of staff over the last couple of months, taking the total number of employees up to 35.
The company is currently working on a contract with Miller Construction on three Hub Health centres in Northern Scotland, totalling 320 tonnes-worth of steel.
After successfully completing a structural steel package on a 170-tonne bus depot in Dunston for Surgo Construction, the firm awarded Raisco the 45-tonne steelwork package for a new Mitchell and Butler restaurant in Shiremoor.
Other work has included a 50-tonne Mother and Baby Care Unit in Glasgow and a 63-tonne structural steel package for Redwell Primary School in Alloa, both for Robertson Construction, as well as a number of contracts for WS Construction, working on extensions and re-furbs for the supermarket chain Lidl in both the North East and South West of England and Interserve projects at Middlesborough College (65 tonne) and School at Ingleby Barwick (50 tonne).
And after completing a number Lidl extensions over recent years, Raisco has been awarded a 90-tonne steelwork package contract from Styles and Wood Construction for a new-build Lidl store in London.
Raisco was also recently awarded the 26-tonne steelwork package on Southland School in North Shields for Kier Construction.
Raistrick, who formed the company in 2007, said: “We’re working on projects all over the UK, and the signs are very encouraging.
“We steadied the growth to March 2013 and consolidated and are now looking to further push our growth through to 2014 and 2015.
“These are exciting times for the company and we look forward to a bright future as the company branches out with a more extended client base and further expansion plans.”