Appointment comes as firm targets £400m revenue

Joseph Goldberg investment director at Keltbray

Keltbray has hired a former banker to become its new group investment director.

The ambitious demolition and groundworks specialist is looking at branching out into other sectors and eyeing a turnover of £400m next year.

The new role sees Joseph Goldberg (pictured) join from Spanish bank Santander where he was a relationship director responsible for businesses in London and the south-east in the construction, house building and property markets.

One of Goldberg’s clients was Keltbray and the firm’s group’s finance director John Keehan said: “We had a good relationship and he understands our business. Based on our exponential growth over the past decade, we have now got to the stage where we need more dedicated investment expertise to help ensure we optimise our market opportunities.”

Goldberg will be based at the firm’s head office in Surrey and will report to both Keehan and chief executive Brendan Kerr. He also becomes a member of the firm’s executive board.

In its latest set of results, the firm, which last summer snapped up collapsed concrete frames contractor Dunne Group, saw pre-tax profit soar 126% to £23.4m in the year to October 2016 while revenue was up a third to £369m.