HG Construction Ltd has announced the appointment of Adam Quinn as its new chief executive.
The firm, which reported turnover of £243m for the year to the end of 2021, will see its founder and current chief executive, Chris Benham, step down, with Quinn taking over his duties from 1 July.
The company was founded by Benham and Quinn, following a management buyout in 2000. Benham will move to the new role of executive chairman, with Quinn remaining as a board member.
The firm reported that it had managed to achieve a lower overhead cost base in the past 12 months, which enabled it to manage risk and achieve cost certainty on projects, despite the volatile nature of the UK construction market.
Benham said: “It has been an exciting period of growth for the company, and I am pleased to announce Quinn’s appointment as CEO, as we move into a new phase with our sights firmly set on further growth into existing and new sectors […]
“We are pleased to report a very strong set of financial figures over what was an extremely difficult period. We have invested significantly across the company over the past 10 years, and this has enabled us to remain competitive in the marketplace whilst continuing to deliver the best possible value for our clients.”
The firm works in the residential, student accommodation, commercial and hotel sectors. Its clients include Scape, Southern Housing Group, Pocket Living, Clarion, Landsec and McLaren Property.