Severfield

Severfield plc is a structural steel contractor. By turnover it is the largest in the UK,[7] and amongst the biggest in Europe. Its UK plants have a capacity of 165,000 tons per year.[1]

Severfield plc
TypePublic
LSE: SFR
IndustryConstruction
Founded1978[1]
Founders
  • John Severs,[2]
  • James Grice[3]
  • John Waterfield[2]
HeadquartersDalton Airfield Industrial Estate, North Yorkshire
Key people
  • Alan Dunsmore (CEO)[4]
  • Kevin Whiteman (Chairman)[5]
Products
  • Structural fabrication
  • Structural erection
  • Modular enclosures
  • Industrial silo equipment[6]
Revenue
  •  £363.3 million (2021)[7]
  •  £327.4 million (2020)[8]
  •  £17.3 million (2021)[8]
  •  £20.4 million (2020)[8]
Number of employees
1,500[1]
Websitewww.severfield.com
The Shard, February 2010

Landmark works include London's 2012 Olympic Stadium, The Shard, Birmingham New Street Station, Wimbledon Centre Court, Emirates Stadium and Paris Philharmonic Hall.[1]

The firm has acquired businesses across a range of structural steel market sectors within the UK.[9]

Severfield plc participates with JSW Group in a Mumbai based structural steel joint venture, JSW Severfield Structures Ltd (JSSL).[1][10]

History

The business was founded in 1978 as a partnership named Severfield-Reeve.[1] It was incorporated as Severfield Reeve Structural Engineers Ltd in 1983. As a public company it was known from 1988 to 1999 as Severfield Reeve plc; from 1999 to 2014 as Severfield Rowen plc, and then adopted its current title.[11]

Listings

In July 1988, Severfield plc was quoted on the Unlisted Securities Market. The company moved up to the London Stock Exchange on 8 June 1995.[9] It is currently a component of the FTSE SmallCap Index.[12]

Acquisitions and new businesses
1990 A A Steel Erection Ltd[13][9]
1995 Manabo (UK) Ltd subsidiary began trading[14] (chain mail glove business sold 2000)[15]
1996 J N Rowen Ltd[9]
2001 Watson Steel Structures Ltd[9]
2002 Tubemasters Ltd[16]
2005 Atlas Ward Structures Ltd[9][17]
2007 Fisher Engineering Ltd[18][9]
2010 JSW Severfield Structures Ltd joint venture opened[9][19]
2019 Harry Peers & Co Ltd[9][20]
2021 DAM Structures Ltd[9][21]

Locations

Severfield plc is headquartered on the former RAF Dalton near Thirsk. It also has sites in Sherburn, Lostock, Bolton, Bridlington and Ballinamallard. A joint venture is located in Mumbai, and European offices are at Zevenbergen.[22]

The firm is a significant employer in the Thirsk area.[23]

Controversies

HSE fine

In 2016 the Health and Safety Executive fined the firm £135,000 following a 2013 incident when a 27 year old forklift driver was fatally crushed at their Dalton site.[39][40]

Leadenhall Tower contract

During 2013 the group incurred substantial contractual losses in relation to Leadenhall Tower in the City of London. This prompted a major restructuring of the business; departure of the Chief Executive, and a £45m rights issue.[1][41][42]

Leadenhall Tower bolts

In November 2014, two embrittled bolts, purchased from a supplier, broke and fell from Leadenhall Tower. Another descended in January 2015. Severfield plc announced an anticipated £6 million charge for bolt remediation works in 2015, and final settlement in 2019.[43][36]

Remuneration

Shareholders rebelled against a 2007 payment of £1.6 million to retiring Managing Director, John Severs. They refused to pass a resolution at AGM to authorise the payment which had already been made.[44]

References
  1. Stewart, Alastair (20 April 2022). "Orders surge as nuclear market reopens" (PDF). Progressive Research. Retrieved 25 April 2022.
  2. "'In this world you have to get your ae into gear'". Construction News. 2 October 1997. Retrieved 25 April 2022.
  3. NNR (3 October 2020). "Severfield plc". NewsnReleases. Retrieved 27 April 2022.
  4. "Severfield Leadership Team". Severfield. Retrieved 25 April 2022.
  5. "Kevin Whiteman". Severfield. Retrieved 27 April 2022.
  6. "Products". Severfield. Retrieved 25 April 2022.
  7. Price, David (17 November 2021). "The UK's top 10 steel contractors". Construction News. Retrieved 25 April 2022.
  8. "Five Year Income Statement". Severfield. Retrieved 27 April 2022.
  9. "Our Story". Severfield. Retrieved 25 April 2022.
  10. "Structural Steel Design and Engineering - Structural Fabrication - Structural Erection". JSSL. Retrieved 26 April 2022.
  11. "SEVERFIELD PLC overview - Find and update company information - GOV.UK". Companies House. Retrieved 26 April 2022.
  12. "FTSE Small Cap Constituents". www.lse.co.uk. Retrieved 25 April 2022.
  13. "STEELCRAFT ERECTION SERVICES LIMITED overview - Find and update company information - GOV.UK". Companies House. Retrieved 26 April 2022.
  14. "Manabo (UK) Ltd Accounts 1995". Companies House. Retrieved 5 May 2022.
  15. "Investegate - Severfield-Rowen PLC Announcements - Severfield-Rowen PLC: Disposal of Manabo's Chain Mail Glove Business". www.investegate.co.uk. Retrieved 26 April 2022.
  16. "Investegate - Severfield-Rowen PLC Announcements - Severfield-Rowen PLC: Acquisition". www.investegate.co.uk. Retrieved 26 April 2022.
  17. NSC2 (1 May 2005). "New industry force". newsteelconstruction.com. Retrieved 26 April 2022.
  18. "Investegate - Severfield-Rowen PLC Announcements - Severfield-Rowen PLC Acquisition". www.investegate.co.uk. Retrieved 26 April 2022.
  19. "Investegate - Severfield-Rowen PLC Announcements - Severfield-Rowen PLC: IMS & Indian JV Opening Cerem". www.investegate.co.uk. Retrieved 26 April 2022.
  20. "Investegate - Severfield PLC Announcements - Severfield PLC: Acquisition of Harry Peers & Co Limited". www.investegate.co.uk. Retrieved 26 April 2022.
  21. "Investegate - Severfield PLC Announcements - Severfield PLC: Acquisition of DAM Structures Limited". www.investegate.co.uk. Retrieved 26 April 2022.
  22. "Contact Severfield". Severfield. Retrieved 25 April 2022.
  23. "GMB - Ripon - Thirsk - About Us". GMB. Retrieved 26 April 2022.
  24. "The Gateshead Millenium Bridge" (PDF). Steel Construction Info.
  25. Hudson, Daniel. "Structural Fabrication and Welding of High Strength Steels" (PDF).
  26. "Severfield project case study on Trinity Leeds". Severfield. Retrieved 26 April 2022.
  27. "Manchester Victoria Station". Severfield. Retrieved 1 May 2022.
  28. "Ordsall Chord". Severfield. Retrieved 3 May 2022.
  29. "22 Bishopsgate". Severfield. Retrieved 1 May 2022.
  30. "Leadenhall, London". Steel Construction Info. Retrieved 26 April 2022.
  31. "Francis Crick Institute Benefits from Modern Curved Steel Solutions". www.barnshaws.com. Retrieved 26 April 2022.
  32. NSC3 (1 September 2007). "Steel has all the answers for new hospital". newsteelconstruction.com. Retrieved 26 April 2022.
  33. "BBC Cymru". Severfield. Retrieved 1 May 2022.
  34. "CITs South Bank Tower". Severfield. Retrieved 1 May 2022.
  35. "Dublin Waste to Energy Plant". Severfield. Retrieved 1 May 2022.
  36. Lynch, Russell (19 August 2016). "London's man of steel: The accidental builder behind our landmarks". Evening Standard. Retrieved 26 April 2022.
  37. Wynne, Alexandra (10 March 2011). "Arcelormittal Orbit: Mittal's twisted tale". New Civil Engineer. Retrieved 2 May 2022.
  38. "Jaguar Land Rover Engine Manufacturing Centre". steelconstruction.info. Retrieved 5 May 2022.https://www.steelconstruction.info/Jaguar_Land_Rover_Engine_Manufacturing_Centre
  39. Minting, Stuart (14 April 2016). "Firm fined for fatal forklift truck accident". York Press. Retrieved 26 April 2022.
  40. "North Yorkshire steel firm fined after worker crushed to death under forklift truck". ITV News. 14 April 2016. Retrieved 26 April 2022.
  41. "Blackfriar: Prestige projects don't always deliver but Shard pays off". Yorkshire Post. 25 July 2013. Retrieved 25 April 2022.
  42. "Boss ousted at Severfield-Rowen". www.theconstructionindex.co.uk. Retrieved 26 April 2022.
  43. Blundell, Steph (26 April 2019). "Severfield reaches settlement over Cheesegrater bolt failures". Planning, BIM & Construction Today. Retrieved 25 April 2022.
  44. Rogers, David (30 May 2008). "Shareholders condemn Severs' £1.6m bonus". Construction News. Retrieved 25 April 2022.

Official website

JSSL joint venture

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