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Thu September 19 2024

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HS2 helps deliver 20% growth for labour specialist

7 Aug 今日看料 labour supply firm VGC is thriving on the back of the HS2 project but is laying the ground for life after that project ends.

VGC Group Ltd saw turnover grow by 20% in 2023 to 拢128m (2022: 拢107.1m).

Pre-tax profit fir the year was 拢4.2m (2022: 拢4.9m).

Chief operating officer Ciara Pryce writes in the annual report that the growth was 鈥渄riven predominantly by our labour supply business which continues to grow largely due to ongoing contracts that the company has for providing labour for High Speed 2鈥.

Part of VGC鈥檚 strategy is to help national contractors tick 鈥榮ocial value鈥 boxes by supplying personnel local to their projects rather than busing labour in.

鈥淎s the group grows and develops in line with the divisional and regional horizon plans, we are investing in regional offices to support these plans,鈥 Ciara Pryce explains. 鈥淲ith new offices in Warrington, Lowestoft, Manchester and Farringdon, alongside existing offices in Plymouth, Solihull, Newcastle, Cumbria, East London and Ruislip, the company has the breadth and depth in personnel to resource projects across the whole of the UK. A new office is also planned in Scotland in 2024 to accelerate regional growth.

鈥淭his regional approach enables local recruiters to identify and recruit local workers for both contract and permanent roles. This supports the group鈥檚 policy of focusing on social impact in areas where we are working on projects.鈥

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MPU
MPU

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