Sutcliffe to give 50% of profits to staff

Civil and structural engineering firm Sutcliffe is to reward staff at its Liverpool business by putting half of its profits into pay rises and staff incentives. Tony McDonough reports

Sutcliffe managing director, Sean Keyes, second left, with members of the management team

 

Liverpool civil and structural engineering firm Sutcliffe is to reward its staff after seeing annual turnover and profits hit record levels.

Although it has not stated actual figures, Sutcliffe says its revenues are up 9.5% in the 12 months to September 2021 – representing five years of continuing growth. The company has won a number of contracts on major construction projects.

They include Aintree University Hospital, Kingfisher Special School, and Ministry of Justice with construction values of £75m with the total value of construction projects approaching £1bn. Sutcliffe has also placed a renewed focus on healthcare, having recently worked on  Arrowe Park Hospital and Sandalwood Extra Care. 

Celebrating its 35th anniversary in October, the multi-disciplinary consultancy has also continued to recognise its staff’s dedication and work throughout the pandemic by distributing 50% of its yearly profits directly back into the company. This will be distributed in the form of pay rises and other incentives.

READ MORE: Sutcliffe’s ‘Billy’ wins top marks for his ballroom skills

Sean Keyes, managing director of Sutcliffe, said: “2021 was a historic year for Sutcliffe, not only because of our 35th anniversary, but also because it was the year that our company evolved, grew and exceeded all expectations throughout a global pandemic – with our staff members going above and beyond.

“The levelling up agenda and increased spending in our region should ensure that the construction sector continues to grow this year too, with Sutcliffe now ready to capitalise on this, with everything in place for a strong year ahead.”

Sutcliffe has also appointed two new Kickstarters, three new senior hires including structural engineer Graham Swanson and geo environmental scientist Daniel Evans, as well as six internal promotions since September 2020, increasing its headcount by 9%.

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