Seddon splits business among family
The family-owned North West construction group has reorganised the business to create three independently owned trading companies.
The new separate business structures are:
- Seddon Construction and Seddon Homes, owned and led by Christopher Seddon's family
- Seddon Property Services, which will rebrand to Novus Property Solutions, and Seddon Estates, which becomes SHS Estates, owned and led by John Seddon's family
- Seddon Engineering Holdings owned and led by George Seddon's family
The group hopes the creation of three independent businesses will generate significant opportunities for growth.
Rod Sellers, chairman of Seddon Group, said: "This is a natural evolution for the 115-year-old Seddon family business spanning five generations, which will secure its long-term future.
"We do not expect there to be any redundancies in the operating companies as a result of this reorganisation.
"This is an exciting development, which will enable delivery of the family goal of creating businesses that benefit employees, clients and stakeholders for many years to come."
The group has a turnover of £300m, a workforce of almost 2,000 people, and a national network of more than 30 local offices.