News from Stonewood: Celebrating Award Wins & Expansion Plans
The fast expanding Cotswolds-based construction group, Stonewood, is celebrating winning a host of industry awards as well as rapid expansion despite challenging economic times. With almost 50 years of construction expertise, family firm Stonewood comprises construction, development and design led businesses and employs 350 staff with a £70m turnover.
Award-Winning
Stonewood Builders has been crowned the Federation of Master Builders’ British Master Builder of the Year 2021 for its restoration of Codrington Court, a medieval hall house in South Gloucestershire. In addition to this, Stonewood Design, the associate architectural practice, has this year won a RIBA National Award as well as a RIBA South West Sustainability Award for the Story of Gardening Museum at The Newt In Somerset.
Housing Growth Partnership Funding
Stonewood Partnerships has been made one of only five partner developers across the UK in the Housing Growth Partnership’s new Regional Growth Initiative, giving the company access to a £300 million government-backed equity fund. New projects will meet a pre-agreed set of criteria, including build quality, type of land, sustainability and number of units, the Regional Growth Initiative will provide equity funding which will boost the company’s plans for expansion.
Earthstone Construction Success
The Stonewood Group’s own groundworks arm was started in 2020 during lockdown as a direct response to the impact of the Covid-19 pandemic on the company’s construction projects. Already Earthstone’s projected turnover is set to be £12m for 2021/22.
The Sunday Times’ 2021 Profit Track 100 List
The Sunday Times Profit Track 100 List ranks Britain’s top performing private companies with the fastest growing operating profits. Stonewood is listed at number 26 and references the launch of Earthstone Construction, hiring of 100 new staff since March 2020, the opening of a new office in Oxfordshire as well as the business’ focus on heritage and conservation covering construction, refurbishment, conservation projects and sustainable housing development.
Cirencester Sustainable Development Launch
This autumn, work has commenced on Orchard Field, a selection of 88 sustainable new homes south of Cirencester in the beautiful Gloucestershire countryside. Located in the village of Siddington, the sustainable development includes a mixture of 1, 2, 3, 4 and 5 bedroom homes with the first homes due to be released for sale before Christmas. The energy efficient homes have been designed using individual sealed timber panels filled with recycled glass fibre insulation to ensure the properties are draught free and means that the energy efficient air source heating and mechanical ventilation heat recovery systems will cut energy bills by up to 70% compared to standard new build homes.
Stonewood Chief Operating Officer Ben Lang comments: “Despite the most challenging economic time, we have been able to continue to grow the business without tempering our ambitions since lockdown. With a strong heritage and culture of family values, our well established, yet young, ambitious, and motivated team has been working collaboratively to forge strong long-term relationships and come up with solutions to problems together and that’s the bedrock of our company. These award wins really are testament to our honest, straightforward approach and, most importantly, on the results delivered.”
