What's Happening?
SES, a subsidiary of Wates Group, has appointed Michael Hoodless, founder of the former Michael J. Lonsdale Group, as a non-executive director. Hoodless brings extensive experience in mechanical, electrical, and plumbing (MEP) contracting, having led Lonsdale to become one of the UK's largest MEP contractors before its collapse in 2023. SES, which specializes in MEP services, is experiencing record growth, with a 55% increase in turnover and a 60% rise in pre-tax profit for the year ending December 2024. Hoodless will support SES in governance, strategic growth, and complex project delivery.
Why It's Important?
Hoodless's appointment is a strategic move to leverage his expertise in large-scale MEP projects, which aligns with SES's growth ambitions. His experience is expected to enhance SES's capabilities in delivering complex engineering services across various sectors, including public buildings and commercial developments. The record financial performance of SES indicates strong market demand and successful business strategies, positioning the company for further expansion and innovation in the engineering services industry.
What's Next?
SES aims to capitalize on its recent growth by exploring new markets and technologies, with Hoodless playing a key role in shaping its strategic direction. The company may pursue additional opportunities in sectors such as science and research, leisure, and industrial schemes. Hoodless's involvement is likely to drive SES's long-term value creation and reinforce its reputation for innovation and integrity in the engineering services sector.
