From the creation of the company, then known as Ecclesshare Construction Ltd, Princebuild have delivered building services as part of its core offering. Through the seventies and the early eighties, the company gained major contracts for housing, community and industrial projects, including the redevelopment of the city centre’s Boongate area and much of the new Westwood Industrial Estate.
Management buyout from parent group and Small Works Division created
Year-on-year growth culminated with the company being able to separate itself from the parent group through a management buyout by our founding directors, Derek Asplin and Stuart Pudney. In addition, a Small Works Division was created to concentrate on refurbishment, improvement, alteration, response and reactive maintenance, of which building services were a major component.
Company name changed to Princebuild Ltd
Keen to show that Peterborough had a successful, dynamic construction and building maintenance service which could compete with the already established local firms and the more well-known national enterprises the company was renamed Princebuild Ltd, and the now familiar green and yellow livery was introduced. Turnover at this point in the company’s history was £1.5 million.
Head offices constructed in Fengate area of Peterborough
Land acquired in the Fengate area of Peterborough was utilised to build new offices, a joinery shop, stores and garage facilities to form our new head office. This is still our head office and registered address today.
Office opened in Holbeach, Spalding
With plans in place for expanding the company, a new office was opened in Holbeach, Spalding with the primary purpose of facilitating a large term maintenance and gas servicing contract. This move into the south of Lincolnshire also enabled the company to extend its area of normal daily operations into Boston, Sleaford, Kings Lynn and beyond.
Office opened in Northampton
With growing demand for our services and requests from a number of our larger clients to extend our operational area towards the Midlands, we opened a new office in Northampton.
Princebuild commences trading nationally and turnover exceeds £5 million
Due to the growth in our business and the larger works that the company was now capable of delivering, we commenced trading nationally and our turnover exceeded £5 million for the first time.
Appointment of Associate Directors
recognition of the growth the company had achieved through collaborative working and development, Dale Asplin, Jonathan Pudney, Mark Asplin and Matthew Pudney were appointed to the board as associate directors.
Turnover increases to £10 million
Growth of the company continued in all markets and turnover now exceeded £10 million.
Offices purchased in Northampton
With the continued success of our Northampton branch the decision was made to purchase our own premises.
New offices opened in Market Rasen, Lincolnshire, and management buyout commences
In order to provide a permanent base in the north of Lincolnshire and to give us access to markets in Newark, Lincoln and Grimsby, a new building was purchased in Market Rasen and opened in October 2003. In the same year succession plans for the business facilitated a management buyout in which associate directors Dale Asplin, Jonathan Pudney, Mark Asplin and Matthew Pudney became shareholders and directors of the company. Princebuild Ltd was now a wholly owned subsidiary of Princebuild Holdings Ltd.
New offices in Gosberton, Spalding, opened and turnover exceeds £15 million
As the company had outgrown the capacity of its Holbeach office, new premises were purchased in Gosberton, near Spalding, and a complete renovation of the site was carried out.
New offices opened in Bedford and Nottingham and Derek Asplin retires
Further expansion in 2005 resulted in the opening of two additional branches - Bedford and Nottingham. Also, after providing more than 35 years of service to the company, one of our founding directors, Derek Asplin, retired
Turnover exceeds £20 million
Continued growth in the company, particularly from planned maintenance works and large refurbishment projects including including building services, saw turnover exceed £20 million.
Launch of Contract Manager
The company recognised the need to move forward with technology and to work in a more efficient manner, and so, after 12 months of development, we launched our bespoke software package, Contract Manager.
Business of the Year Awards and turnover nearing £30 million
Princebuild Ltd won the much-coveted Evening Telegraph’s Business of the Year Award in recognition of its year-on-year growth, professionalism and contribution to the business community. Turnover for the company was now nearing £30 million.
Renewables Division formed and New offices opened in Thetford
With recent advances in solar technology and with the introduction of the governents financial incentives for homeowners our Renewables Division, Princesolar, was set-up to provide solar photovoltaic and solar thermal installations to domestic and commercial customers.
Princesolar becomes Princeenergy and turnover exceeds £40 million
With further advancements in renewable technology Princesolar expanded its range of services to include technologies such as air source heat pumps and LED lighting. To reflect this the division was renamed Princeenergy to better reflect the services that it offers. Growth in retail refurbishment and construction projects pushed the company’s turnover to more than £42 million for the year.
Princeenergy and Building Services amalgamate
Further expansion in both our Renewables Division and Building Services Division, and a desire to better promote the services we offer, saw an amalgamation of the two divisions. A new website was launched to promote all of the services now provided by Princeenergy and James Manning was appointed Associate Director of Princeenergy.
Princeclean launched, London office opened
To aid further growth in the company and in order to provide additional services, a new joint equity venture, Princeclean Ltd, was formed providing internal cleaning services to Princebuild Ltd, but also offering a complete cleaning service to both domestic and commercial clients. In addition, the growth of our business in Central London saw the company open a new office facility in Baker Street.