Renew Holdings plc has a history spanning over 200 years. Founded originally as YJ Lovell by Young James Lovell, a surveyor who in 1786 acquired the century-old Marlow building firm of Thomas Corby, a business which had begun almost a century before. The fifth son of a Dorset carpenter, Young James was a man of great flair who made the most of his opportunities and gave the company the impetus to continue developing over the next century.
The company went public in 1968 and over the following years the Group's activities expanded to include a Building Division, Plant Hire Operation, Developments Division, Timber Operation and overseas interests in land development. In the late 1990s and early part of this century, the Group reorganised its activities substantially, selling various businesses and acquiring four companies which today form a major part of its operations Allenbuild, Britannia Construction, VHE and Shepley Engineers.
Following the appointment of Roy Harrison as Chairman in 2004 and of Brian May as Chief Executive in 2005, the Group was renamed Renew Holdings plc, a holding company of a Group providing specialist construction services through individually branded subsidiaries across the UK.
In 2006, the Group's strategy to grow both organically and by acquisition as an Engineering Services business was established. This strategy has been delivered through the acquisition in 2007 of Seymour Civil Engineering Contractors, an engineering services company specialising in the water industry and in 2008 with the complementary acquisition by Seymour of C&A Pumps. Even more significant was the Group's acquisition in 2011 of Amalgamated Construction (Amco), an engineering services company operating in the rail, energy and environmental markets. Amco provides an integrated service from feasibility, budget and design through to installation, commissioning and maintenance.
The Group's emphasis is to secure positions in non-discretionary spend programmes in regulated markets and the Group participates in more than 50 framework agreements. Today the Group derives approximately two thirds of its annual revenue and over 85% of its operating profits from Engineering Services.