Lura Constructions Ltd
Website: [Lura Construction](https://luraconstruction.co.uk/)
Headquarters: Unit 16 Waltham Park Way, Billet Road, London, E17 5DU, England
Contact Information:
- Telephone: 020 8558 4988
- Email: [info@lura-constructions.com](mailto:info@lura-constructions.com)
Company Overview
Lura Constructions Ltd, established in 2010, is a family-owned construction entity prominently involved in refurbishment, retrofit, and property maintenance solutions within London and the South East of England. The company's mission revolves around transforming housing into safe, sustainable, and decent homes, thereby bolstering community development. Their business model emphasizes a directly employed skilled workforce, ensuring high-quality service and efficiency in meeting client needs.
Services Offered
- Retrofit and Sustainability Work: Enhancing energy efficiency through design and installation.
- Refurbishment: Comprehensive renovations transforming properties into homes.
- Void Property Conversions: Making vacant properties livable.
- Planned Maintenance Services: Scheduled maintenance for longevity and compliance.
- Compliance Services: Electrical and gas testing to safety standards.
- Outdoor Transformations: Landscaping, paving, and fencing enhancements.
Commitment to Sustainability and Social Impact
Lura Constructions Ltd is committed to sustainability with initiatives such as sustainable material use, recycling over 95% of waste, and a green travel program aiming for an all-electric fleet by 2025. They support social growth through apprenticeships, NVQ Level 3 training, and community projects like the annual 'Tools Down' day.
Recent Developments
Recently securing a five-year contract with Barnet Homes for kitchen and bathroom enhancements signifies Lura's strategic industry positioning. Participation in industry conferences like the Echelon Conference and HOMES UK exhibition illustrates their proactive industry engagement.
Key Personnel
- Paul O'Donnell: Management consultant focusing on asset management and compliance.
- Maria Korosteleva: Office Manager, expert in strategic organizational improvements.
Financial Highlights
As of October 31, 2023, Lura's financial overview includes:
- Cash in Bank: £3.21 million
- Current Assets: £3.48 million
- Current Creditors: £1.25 million
- Shareholders' Funds: £2.29 million
This financial strength supports Lura's operational and investment strategies in upcoming projects.
Market Position and Competitors
Lura Constructions Ltd competes with firms like Transports Labouriaux, HOTA, and Pesmel and larger UK players such as Balfour Beatty, Kier Group, and Morgan Sindall:
- Balfour Beatty: Dominant in infrastructure, including transport and power.
- Kier Group: Focuses on infrastructure services in public sectors despite recent financial restructuring.
- Morgan Sindall Group: Prioritizes sustainability and regeneration, similar to Lura's community transformation values.
Strategic Initiatives
Lura Constructions Ltd showcases its corporate responsibility through local food bank aid, detailed on their LinkedIn, and securing regional projects like Barnet Homes indicates its ability to manage significant endeavors.
Lura Constructions Ltd, with its financial robustness, ethical practices, and dedication to sustainable and community-focused development, positions itself effectively amidst formidable industry competitors.
