RED Group reorganises business as it targets 10% annual growth over five years

RED Group has announced the reorganisation of its business with a new parent company overseeing seven businesses.

The specialist contractor, which reported £170m turnover in its most recent results, said it was set to hit income of £200m for the first time in the year ending 31 March 2026.

Coinciding with the firm’s tenth anniversary, the board has set up a new parent company, Red Group Ltd, to oversee a range of individual operating businesses covering four different areas of focus.

These are to be known within the company as geography, scale, sector specialism and supply chain.

RED said the new structure would create “greater autonomy for the individual businesses to expand and thrive, while also ensuring RED Group can consistently deploy the right skills, experience and scale to sustain high quality relationships, effectiveness, and innovation throughout its expansion”.

The geographical area of focus includes RED South West as well as the newly-created RED London and RED East. The London business will incorporate RED Special Projects, which has previously handled complex office jobs. Meanwhile, RED East will focus on the Midlands and the Oxford-Cambridge Growth Corridor.

The ‘scale’ area of focus will be handled through RED Major Projects, while the group’s first ‘sector specialism’ business is RED Tailored, which is focused on the luxury hotel sector.

RED Group has also acquired joinery manufacturer Form, which joins MEP services business ONE MEP as part of the ‘supply’ area of focus.

Graham Sturge, chief executive of RED Group, said that the business wanted to achieve an annual compound growth of 10% a year over the next five years.

“To do so, however, requires control and opportunity, two tenets that have underpinned RED from the outset,” he said. 

“Control comes from having talented teams and a clear plan, which this reorganisation is part of to create even greater focus.”

RED currently employs more than 250 people.