McAvoy to build £100m turnover as it creates jobs
Off-site building company McAvoy Group in Co Tyrone is planning to more than double turnover to £100m as it announces nearly 40 new posts.
The family-run company makes structures on its own site for transportation to customers as permanent buildings or extensions. It also rents out temporary structures.
Now the Dungannon business is spending nearly £10m on boosting its permanent buildings section and its hire division, as well as improving its IT.
And it's adding another 38 staff to its existing workforce of around 170 people as part of the expansion, though 24 of the jobs have already been filled.
It has carried out large projects in the education sector and is now working on a £20m build for Lynch Hill School in Slough, which will be one of the UK's biggest-ever schools to be built off-site.
The firm has been offered an employment grant of nearly £200,000 from Invest NI to fund 18 of the jobs, along with £135,000 under its skills growth programme, which will be used to pay for training.
Economy Minister Simon Hamilton said the firm had a "robust growth strategy", seeking out new clients in healthcare, education, residential and commercial markets.
"This multi-million pound investment will help the company to achieve its ambitious growth targets as well as contributing additional salaries to the local economy," he added.
"The McAvoy Group's anticipated sales growth will also have a positive knock-on effect on the local construction industry supply chain which is vitally important to the Northern Ireland economy."
The firm has offices in Lisburn, Cork, Dublin and Oxford, as well as its headquarters in Dungannon. In its most recent results, the company increased turnover by 9% to £35m, with pre-tax profits of £1.1m.
Managing director Eugene Lynch said: "This investment is focused on growing our permanent modular construction division and consolidating the company as a key player in the UK market.
"The new roles are in design, contract and cost management positions and we plan to recruit a further 14 jobs as well as graduates and apprentices roles over the next 12 months."
It has been in business for 44 years and recently completed an £18m project for a school in Dagenham.