Altrincham based McGoff Group have announced a corporate structure consolidation to simplify their organisation to drive sustained growth across the diverse sectors they currently operate within.
The highly regarded collection of McGoff-owned businesses have historically operated as an unconsolidated group of trading and development entities largely under the common ownership and control of the McGoff brothers.
The Group structure includes multiple trading businesses that have evolved organically over the past 10 years, driven principally by funding requirements and access to finance. The brothers felt the time was right to simplify both the corporate and management structures to foster clear accountability and focus within the respective entities, whilst improving visibility of the strong consolidated performance to external stakeholders and valued funding partners expected in the years to come.
McGoff Construction, now in its 50th year of trading is the mothership at the heart of the Group, having seeded and supported fledgling related businesses. The Group businesses have evolved into class leading organisations within Care, Residential and Specialist subcontracting arenas. However, McGoff Construction has made a remarkable transition of its own from a regional general Building Contractor to a one of a kind vertically integrated development-led contractor, shaking up the industry and choosing to in-source rather than outsource its activities.
At a time when conventional construction businesses appear hell bent on offloading risk into an unsuspecting and often ill equipped supply chain, the McGoffs decided to take control of their own destiny by self-delivering specialist trade packages including civils, off-site lightweight steel superstructures, mechanical, electrical, passive fire protection and internal finishes via their related subcontract entities Panacea and MGFS, effectively clawing back specialisms that have conventionally slipped into the supply chain over recent years. Such skills seepage often leaves Principal Contractors nothing more than brokers of subcontract packages, assuming all the responsibility but devoid of the skills necessary to deliver with confidence. A strategy underpinned by the significant through flow of work generated via McGoff related operational businesses, JV partnerships & turnkey clients; Newcare, Back to the Garden Childcare, Villafont and Barchester Healthcare within the Care and Residential sectors.
To truly capitalise on the benefits of a vertically integrated strategy, the corporate structure has been consolidated to form 4 clear and independent trading groups. These four trading groups have been defined as: McGoff Group Projects (asset creation) stewarded by Chris & Dave McGoff as CEO and Chairman respectively directed by JP Singleton as COO. The plethora of assets created will be simultaneously managed by Downtown Asset Management, the corresponding bookend to this new mini group, led by Paul Danks as MD.
To drive alignment amongst the existing Principal Contracting and Specialist Subcontracting businesses McGoff have consolidated to create McGoff Construction Services (McGoff Construction, Panacea Building Systems and McGoff Group Facilities Services) which will be led by Dean Johnston as MD. Dean brings an immense amount of experience on both sides of the metaphorical fence that has effectively been removed within this unique construction delivery vehicle. Declan McGoff, after 32 years in the construction business will assume the position as Chairman within this newly formed corporate entity, providing stewardship and maintaining key client relationships whilst continuing to foster our family values.
New Care Group (operational care homes) will continue to be led by Dominic Kay and Chris McGoff as Chairman and CEO respectively and Cath Fairhurst and COO. Back to the Garden Childcare Group (operational childrens’ day nurseries) will continue to be headed by Chris McGoff as CEO with Stewart Pickering managing the nurseries’ Operational Leadership.
The Group’s varied activities will be steered by the McGoff Group Family Office (James, Declan, Dave & Chris McGoff) with strategic input from Corporate Finance Director Dave Foran.
Dave McGoff commented:
“Joint Ventures will very much be a running theme for us now as we narrow in on low risk and high value quality projects such as our Bowdon mixed use scheme, flagship luxury high rise on Rochdale Road Manchester and Birkdale over 55s large retirement village. Such projects will form the bedrock for the McGoff Construction Services businesses as each scheme proffers huge self-delivery opportunities allowing the Group to grow and develop key construction specialisms having gained an unparalleled level of control over quality, safety productivity and sustainability targets.
“Our valued employees remain at the centre of our businesses. Each member of staff is an asset and collectively our employees contribute to the very essence of the Group. Our new structure will see us building a better future for each business and their respective teams for another 50 years to come.”
A wholly collaborative and holistic approach is driving the sustainable growth of the Group, evidenced by the recent success of Newcare being rated one of the Top 20 care home Groups in the UK; operating out of 12 settings, with a further 3 under construction, with a similar trajectory expected with Back to the Garden Childcare as the Group open a further setting in Bowdon in the coming years.
Operating from its Head Office at St George’s Court in Altrincham, The McGoff Group is a £140m revenue collective of like-minded businesses with a seamless ability to acquire, design, build, operate and maintain across targeted healthcare, residential and commercial sectors making it the favoured choice for clients, funders, joint venture partners and supply chain partners alike.