A housing company which has overseen major improvements to South Tyneside Council properties in recent years has announced a turnover of £277m for 2014 - an increase of 43 per cent on the previous year.
The Durham-based Esh Group has revealed strong results for year-end to December with profits before tax up £6.3m.
The company has worked alongside South Tyneside Homes on the revamp of council properties, including those on the Biddick Hall Estate in South Shields, and last year helped launch a conservatory conversion programme at sheltered housing schemes in the borough, among the facilities being Thomas Bell House at Simonside in South Shields.
Brian Manning, group chief executive of Esh Group, said: “The significant geographical reach of our diverse range of construction and property businesses, supported by a strong financial base built up by shareholders over a number of years, has been key to Esh Group’s growth.
“Our dedicated employees have been our hard-working foundations and, with their continued support, we remain confident of further success.
“These results show a strong, secure and well-diversified business which is fair to shareholders and contributes to local economies.”
South Tyneside Homes was given £6.8m by the Homes and Communities Agency to improve its housing for older people.
The cash was handed out as part of the Government’s Decent Homes programme.The money has been used to build new conservatories and install energy-efficient technology.
at the borough’s 19 Housing Plus complexes.