Kent based scaffolding company buys new HQ

Money Posted 01/10/18
"Being able to purchase a new HQ in a prestigious London location defines how far we have come..."

In 1994, brothers, Lee and Neil Rowswell, started a scaffolding business from their parents’ house in Meopham, Kent.

The business thrived and in 1996 they moved into their first premises in Gravesend consisting of a small yard with a portacabin office housing their six members of staff.

Ten years later the business had grown to the extent that new premises were needed and a property was purchased on the Medway Estate, which became the new Head Office – Independent House, and working depot for materials, logistics and the fleet of lorries.

In 2010, due to the volume of work in Central London, senior managers and project management leased office space in London Bridge to be closer to project operations. GKR expanded in 2015 to larger leased premises in Waterloo and the City of London.

Fast forward to 2018, with the business now employing over 400 staff and with an annual turnover of £35m, GKR has purchased an office at 200 Tower Bridge Road to be the new HQ and registered office. The company has retained Independent House in Medway as the Kent office and depot.

They are currently working on some of London’s most high profile construction projects such as Battersea Power Station, Tottenham Hotspur’s new stadium, The Royal Albert Hall and The Lawn Tennis Association at Wimbledon.

The company has banked with Barclays since its incorporation in 1994 and the directors are positive about the support they have received, particularly from their relationship director Andrew Burton who arranged the finance for the new London premises. GKR managing director Neil Rowswell said: “Our growth has been signposted by our investment in premises and office space. Being able to purchase a new HQ in a prestigious London location defines how far we have come and our place in the market we operate in.

Having consistent support and advice from Andrew and the team at Barclays has been pivotal in growing our confidence in making financial decisions that benefit the business for our longer term growth.”

Barclays relationship director Andrew Burton said: “I am delighted to have been able to support Lee and Neil in the next stage of the group’s development and their long term growth strategy.”

Pictured: Barclays relationship director Andrew Burton with directors of GKR Scaffolding Neil and Lee Rowswell at their new offices on Tower Bridge Road, London. ©Professional Images/@ProfImages

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