Kori posts huge turnover and record-breaking June

Kori Construction Limited saw a record-breaking month in June – securing six new projects with a combined value of £75 million. 

The construction company in Northamptonshire said the raft of contract wins last month puts the firm on track to achieve its growth targets set out in its five-year strategy. 

Last year (FY2022), Kori reported turnover of £35 million, up from £20 million in FY2021. 

Jordan Connachie, managing director of Kori, said these latest appointments propel the company to “the next level”. 

“Securing £75 million of business in a single month is a phenomenal result and I couldn’t be more proud of the team here at Kori,” he said. 

“This host of project awards puts us right on target to achieve the growth targets we set out in our five-year business plan.” 

It is understood most of the work comes from repeat business with existing customers. 

The projects, which span Surrey, Norfolk, the West Midlands, Cambridgeshire, Berkshire, and Hertfordshire, include four new care homes and an assisted living complex totalling more than 400 bedrooms, and a 100-bed hostel on behalf of the YMCA. 

Connachie added: “We have been working hard to establish great relationships and a great reputation within the industry and have received some excellent feedback on the developments we’ve delivered to date, which put us in a beneficial position to win repeat business. 

“The fact that 80% of the new business comes from existing customers demonstrates that the foundations we’ve built are strong and that our hard work is paying off.” 

To support its growth strategy, Kori – which was founded in 2009 – has also been investing in digital transformation, and its brand and sustainability activities. 

The company’s latest annual accounts reveal Kori achieved solid profit margins and a 100% increase in net worth in 2022. 

“Our ethos has always been about achieving ambitious but manageable growth; growth that can be sustained over the long term so we can build a strong business that delivers for our people, our clients, the communities we work alongside, and the environment,” added Connachie. 

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