Size Breed and Penn Contracting create business with 30 staff to target the high net worth residential market

Niche building company Size Breed is to merge with Penn Contracting to create a business with 30 staff, targeting the high net worth residential market.

Size Breed, which was established in August 2009 by three directors from Holloway White Allom, has agreed a deal to combine with Penn in the next few weeks. The businesses turned over about £4m each as of the last financial year.

Barry Breed, director, said: “We both operate at the top end of the residential market and both have a highly skilled workforce.”

He confirmed the merged company would have a £6m pipeline for 2011.