Errigal invests in New Manufacturing Industrial Estate
Errigal Contracts, following three years of growth and international expansion across Europe, is investing £20m over the next three-year period towards the development of the 70-acre site, the former Enkalon industrial estate, with plans to create a centre of excellence for off-site construction.
Errigal was founded over twenty years ago in London and is now headquartered in Monaghan with offices in Derry, London, Amsterdam and Zurich, alongside the new development estate in County Antrim.
The Irish company, led by Cormac McCloskey and Damien Treanor, has worked on some of the most innovative and ground-breaking construction projects from residential, commercial and education to healthcare and hotel & leisure.
The company already has manufacturing facilities in Monaghan and this further investment is part of the Brexit strategy to make the business more flexible. The market-leading international construction company specialises in partition systems, external facade, interior fitout, ceilings and bespoke solutions working throughout the UK, Ireland and Europe.
With significant growth in the last three years, Errigal has more than doubled its employee count to 325 and this is projected to grow further to 450 in the coming year. It also has an extended workforce of over 1,500 currently working on-site across projects. The company has also more than doubled its turnover since 2016; growing from £52.4m in 2016 to £116.2m in 2019, with a strong operating profit in the last year of £7.1m.
Cormac McCloskey, from Derry, was recently included in the prestigious EY Entrepreneur of the Year Finalist list for 2020, one of only three from Northern Ireland, with the winner to be announced in November this year.
To date, Errigal has completed over 320 construction projects valued at more than £500m across 12 countries including the UK, Ireland, Belgium, Austria, Slovenia, Germany, Holland, France, Switzerland and Denmark.
Within the 70 acres purchased by Errigal in County Antrim, 30 acres of this includes a functioning distribution warehouse centre. The company plans to breathe new life into this, supported by Invest NI, as well as using the whole site to enable Errigal to continue to develop innovative off-site construction processes. The team will be working with their supply chain to encourage other companies to locate around the site, complimenting Errigal’s off-site construction development. It will also include a residential development to meet local demand for housing across 15 acres and in addition create a host of jobs in the Mid-Ulster area.
It will provide a forward-thinking learning environment for apprenticeships, with over 84 apprentices and 18 undergraduates currently enrolled in the The Errigal Training Academy, an accredited training centre.
Current projects for Errigal include the completion of 22 Bishopsgate, London City’s tallest building and newest skyscraper with 62 floors at 278-metres high. This high profile £26m project for Errigal is set to open this month.