Veitchi Group, which was incorporated in 1917, has acquired a 20,000 square foot building at the Gateway Glasgow development in Cambuslang. It is relocating its business from four buildings in Rutherglen’s Bouverie Street, where the company has been based for the last 50 years.
The move comes in the wake of strong financial results, including a rise in turnover to £37 million.
Financial director James Stewart said: “This is an excellent set of results, which highlights the group’s strength in depth in a demanding market place.”
Managing director Jim Preston said: “We’re pleased to bring positive news to the area with jobs, employment and investment at a time when there is further uncertainty of jobs on Clydeside.
“Our new headquarters are a prudent acquisition by the group allowing us to consolidate the head office and four Veitchi business divisions, whilst also giving us room for future expansion.”
Preston said a profit rise of 26 per cent was due to the group’s growing geographical order book and its burgeoning Metframe business.
Veitchi is one of only four companies in the UK licensed to use the popular pre-panelised building system, suitable for constructing hotels, offices, student accommodation and flatted developments up to 11 storeys in height.
The business currently employs 320 staff, with half of those numbers attributable to building preservation operation Richardson & Starling.