Galliford Try has successfully secured two significant contracts with UK government departments, valued at a combined £101 million.
- The first contract involves a £70 million project to expand a disused immigration removal centre in Oxfordshire.
- This facility at Campsfield House, originally closed in 2019, is set to reopen exclusively for men as part of a government initiative.
- The second deal, worth £31 million, is with the Ministry of Defence to refurbish and create office space at RAF Wyton for UK Strategic Command.
- Galliford Try’s strategic focus on sustainable growth is emphasised by these developments, aligning with their targets for increased revenue and market positioning.
Galliford Try, a leading construction firm listed on the London Stock Exchange, has announced the acquisition of two substantial contracts with the UK government, collectively worth £101 million. These contracts signify a strategic alignment with governmental needs and showcase Galliford’s capabilities in managing high-profile projects.
The first contract, valued at £70 million, mandates Galliford’s Building Southern business to undertake the expansion of a disused immigration removal centre in Oxfordshire. The facility, Campsfield House near Kidlington, is set to be developed into a 400-bed centre exclusively accommodating men. This reopening follows the centre’s closure in 2019 due to a series of challenges, including hunger strikes and other serious incidents.
The second contract involves a £31 million project awarded to Galliford’s Building East Midlands business. This deal is part of the Programme to Rationalise and Integrate the Estate II and involves the refurbishment and creation of new secure office space for the UK Strategic Command at RAF Wyton. The Defence Infrastructure Organisation, within the Ministry of Defence, has sought these enhancements as part of broader institutional reforms.
Due to the pre-election purdah period, specific timelines for these projects have not been disclosed. However, Bill Hocking, Galliford Try’s chief executive, underscored the significance of these ventures, referring to them as representative of ‘key markets’ in the company’s strategy for sustainable growth. This sentiment was echoed in recent communications, where Galliford Try outlined ambitious targets, including achieving an operating margin of 4% by 2030, with planned annual revenues reaching £2.2 billion.
In the fiscal year ending 30 June 2023, Galliford Try reported a turnover of £1.39 billion, securing its position as the 15th largest contractor in the UK according to the CN100 ranking. These recent contract acquisitions are expected to further bolster the company’s standing, aligning with its long-term strategic objectives.
These contracts mark a significant step forward in Galliford Try’s sustainable growth strategy, highlighting its pivotal role in public sector projects.
