Scope Construction is expanding its operation across the East Midlands after experiencing huge growth since starting life four years ago.
The company, which has increased turnover from almost £700,000 in its first full year 2020 to a projected £8m in 2023, will spearhead the next stage of its growth strategy from a new headquarters in Loughborough.
The business – which provides construction services to the high-end residential, commercial and development markets – has a vision to increase revenue to £20m by 2026.
More than 30 business leaders and His Majesty’s Lord-Lieutenant of Leicestershire attended the official opening of the company’s new office in the Heritage Building, Loughborough, which will accommodate its team of 35 people, as of August 2023, with space for future expansion.
Maz Patel, who co-founded Scope Construction with business partner Paz Patel in 2019, said: “It was fantastic to welcome business leaders to the official opening of our new headquarters, which we firmly believe will be the launchpad for more exciting growth after what has already been an incredible four years in business.
“After building a strong foothold in Leicestershire by becoming a key member of the local business community as well as providing exceptional services to clients, our vision is to continue expanding our presence across the wider East Midlands by seeking new partnership opportunities in Derbyshire and Nottinghamshire.
“This is a significant landmark in our journey and it was great to thank some of the people who have supported us along the way by welcoming them to our new home.”
As well as expanding into Nottinghamshire and Derbyshire in existing markets, Scope’s next three-year plan aims to diversify into the public sector, particularly in new build affordable housing, assisted living, education and regeneration of town centres and the public estate.
Michael Kapur OBE, His Majesty’s Lord-Lieutenant of Leicestershire, officially opened the Loughborough office.
He said: “I was delighted to officially open Scope Construction’s new headquarters. This comes after four years of exponential growth despite the challenges of the pandemic, which is truly remarkable.
“Scope is an important part of the construction industry in Leicestershire, and I am looking forward to seeing how it continues to grow in the future.”
