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. 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.
More recently the Group has made two further acquisitions of Lewis Civil Engineering, who specialise in the construction and maintenance of infrastructure and assets within the water industry, and Clarke Telecom, a leading provider of wireless telecommunications infrastructure delivery services to the mobile communications market in the UK.
Today the Group delivers multidisciplinary civil, mechanical and electrical engineering services nationwide, concentrating on critical planned and reactive maintenance and asset renewal. Our operations focus on the key markets of Energy (including Nuclear), Environmental and Infrastructure, which are largely governed by regulation and benefit from non-discretionary spending programmes giving long-term visibility of committed funding. Our integrated offering is a differentiator in our target markets. The Group’s Engineering Services now accounts for over 75% of Group revenue and 85% of operating profit.