A business that supplies innovative hoarding solutions for major infrastructure and construction projects has posted record trading figures.
Plasloc was founded by Steve Matthews, who following a career in construction identified a gap in the market for a cost-effective, sustainable, and innovative hoardings solution.
He founded the business in 2007, with it officially launching in 2011. Its latest set of accounts show that revenue is up 30%.
A flurry of new contract wins and growth amongst its existing client base is the reason for the positive results.
Plasloc’s customer list is a who’s who of the leading retail, business and construction brands and in the last year it has delivered complex projects for Channel 4, St Thomas’s hospital; and supplied safe hoarding solutions at the University of Cambridge as part of a £1bn development.
Steve Matthews comments: “Having worked in the construction industry for my entire life I know the impact that innovative products can have, especially when it is backed up with excellent service. The last twelve months have been very good for the business and we’re especially proud to have worked on so many complex projects – that have tested the team here and made a measurable positive impact to the customer.”
Steve also says that he feels the construction industry is holding up – despite challenging political headwinds.
He comments: “Who knows what is happening regarding Brexit and what deal we will get, but on the ground the construction industry is holding up well and there is a lot of velocity – with opportunities to grow for the right companies.”
Plasloc has gained a reputation for producing an incredibly versatile product that is suitable for any environment, be this internal or external. At the time of writing Plasloc has been an essential component in over 5680 different projects.
The company has also established a network of over three hundred different clients, including Amazon, Morrisons, Dyson and the BBC, and is on course for substantial growth through 2018/19.