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25 June 2026
Red Construction Group has reorganised its business under a new parent company as it targets £200m turnover in the coming year. The specialist main contractor said the overhaul, which will see the creation of a new parent company called Red Group, coincided with its 10th anniversary and was intended to support the next phase of growth.
It reported turnover of £170m in its last financial year and said it expected revenue to reach £200m for the first time in the current year. The contractor said the structure would give individual businesses more autonomy while allowing the wider group to deploy skills and resources across its operations.
Its geographical businesses now comprise Red South West, Red London and Red East. Red South West will continue to work in its regional market, where current schemes include the £15m Weston Health Hub in Weston-super-Mare and the £34m Portwall Place office development in Bristol.
Red London, which includes Red Special Projects, will focus on work in the capital. The firm’s recent London schemes included the £52m 40 Broadway office redevelopment and the £38m refurbishment of 55-58 Pall Mall.
Red East has been created to drive growth in the Midlands and the Oxford-Cambridge Growth Corridor. Projects cited by the contractor included a £19m office scheme at 78-90 Colmore Row in Birmingham and a £17m Travelodge job in Watford.
The group has also created Red Major Projects to target contracts worth more than £60m. RED said the business built on the track record and covenant strength of its existing operation. Its first sector-focused unit, Red Tailored, will concentrate on luxury hotels.
Red said the division would draw on work at The Ned, St Pancras Hotel and the Zeal Hotel in Exeter. Michael Walsh and Mark Iori will lead that business. The group has also strengthened its supply chain arm through the acquisition of joinery manufacturer Form and the earlier creation of mechanical and electrical specialist ONE MEP. Red said both businesses would expand its in-house capability.
Red Group chief executive Graham Sturge (pictured) said the company wanted to achieve compound annual growth of 10 per cent over the next five years.
He said: “We are not stopping there though, and over the next five years we want to achieve an annual compound growth of 10% per annum.
“To do so, however, requires control and opportunity, two tenets that have underpinned RED from the outset. Control comes from having talented teams and a clear plan, which this reorganisation is part of to create even greater focus.”
Sturge said the new businesses would share the same culture while retaining independence to shape their own expansion.
Red said it now employed more than 250 staff. The contractor added that the new structure would support further growth after its first decade in business.
