Core Highways Company Profile
Background
Core Highways is a leading provider of temporary traffic management, barrier solutions, and event signage services across England and Wales. The company is dedicated to delivering safe, cost-effective, and reliable solutions, ensuring the smooth operation of the nation's road networks. With a strong emphasis on innovation and sustainability, Core Highways strives to meet the evolving challenges of the highways sector.
Key Strategic Focus
Core Highways' strategic focus encompasses:
- Comprehensive Service Offering: Providing a full spectrum of services, including temporary traffic management, barrier solutions, and event signage, tailored to client needs.
- Nationwide Coverage: Operating from nearly 40 depots across England and Wales, ensuring prompt and efficient service delivery.
- Sustainability Initiatives: Implementing a Net Zero strategy structured around seven goals to reduce environmental impact.
- Innovation and Technology: Embracing new technologies and methodologies to enhance service efficiency and safety.
Financials and Funding
As of the 2022-2023 financial year, Core Highways reported:
- Turnover: £68.67 million, a 5% decrease from the previous year.
- Total Assets: £46.7 million, marking a 14% increase.
- Net Assets: £10.18 million, reflecting a 6% growth.
- Employees: 601, an increase of 4%.
The company has not publicly disclosed specific funding rounds or investor details.
Technological Platform and Innovation
Core Highways distinguishes itself through:
- Digital Care Initiative: An award-winning program leveraging digital tools to enhance operational efficiency and safety.
- Decarbonisation Project Roadmap: A strategic plan outlining steps to achieve Net Zero emissions, including the adoption of low-emission vehicles and innovative technologies.
Leadership Team
- Lizi Stewart: Chief Executive Officer, leading the company's strategic direction and growth initiatives.
- Jason Pavey: Chief Commercial Officer, a Chartered Engineer with over 30 years of experience in the transport sector, previously serving as Managing Director of Operations and Maintenance (UK and Europe) for AtkinsRéalis.
Leadership Changes
In August 2024, Jason Pavey joined Core Highways as Chief Commercial Officer, bringing extensive experience from his previous role at AtkinsRéalis.
Competitor Profile
Market Insights and Dynamics:
The UK traffic management and highway services sector is characterized by:
- Market Size: A substantial and growing industry, driven by infrastructure development and maintenance needs.
- Growth Potential: Increased government investment in road infrastructure projects presents significant opportunities.
- Industry Trends: Emphasis on sustainability, technological integration, and enhanced safety measures.
Competitor Analysis:
Key competitors include:
- Chevron Traffic Management: Specializes in traffic management services with a focus on safety and innovation.
- HW Martin (Traffic Management) Ltd: Offers comprehensive traffic management solutions across the UK.
- Colas Ltd: Provides a range of infrastructure services, including traffic management and road maintenance.
These companies, along with Core Highways, contribute to a competitive landscape marked by a commitment to quality, safety, and technological advancement.
Strategic Collaborations and Partnerships
Core Highways collaborates with various stakeholders, including:
- Clients: Highways England, Welsh Government, Tier 1 contractors, utility contractors, and regional civil engineers.
- Supply Chain Partners: Engaging with suppliers to implement sustainable procurement practices aligned with ISO 20400.
Operational Insights
Core Highways' operational strengths include:
- Extensive Depot Network: Nearly 40 depots across England and Wales, enabling rapid response and service delivery.
- Experienced Workforce: Over 1,300 staff and more than 1,000 directly employed operatives, ensuring expertise and reliability.
- Integrated Service Model: Combining traffic management, barrier solutions, and event signage under one brand for streamlined operations.
Strategic Opportunities and Future Directions
Core Highways aims to:
- Achieve Net Zero Emissions: Implementing a seven-goal strategy to reduce carbon footprint.
- Expand Service Offerings: Leveraging technological innovations to enhance and diversify services.
- Strengthen Market Position: Through strategic partnerships and continuous improvement initiatives.
Contact Information
- Website: corehighways.com
- LinkedIn: linkedin.com/company/core-highways
- Instagram: instagram.com/corehighways
