Financial Security
Newland Construction is a family owned business which was established in 1925, and has a consistent record of profitable and well managed trading.
We have historically targeted the key market sectors of Schools and Health as areas least likely to be affected during a downturn and we are well placed to ride out difficult economic times particularly as:
- We continue to operate with high cash balances
- We have no operational overdrafts or borrowings
- We own outright our vehicles, site offices/containers and up to date plant and equipment.
- We have no pension deficits or other long term liabilities
Company Advisers
Our Auditors are Mostons
29 The Green
Winchmore Hill
London
N21 1HS
Our Bankers are Barclays Bank with whom we have enjoyed an excellent working relationship for over 75 years
Barclays Bank plc
P O Box 294
Ground Floor, Building 2
Turnford Place
Turnford
Broxbourne
Herts
BX3 2BB
Our Insurance Brokers are Nott Pybus
Nott Pybus Associates
NPA House
122 Whinbush Road
Hitchin
Herts
SG5 1PN
Our customers can have complete confidence in the ability of Newland Construction Ltd to both fund and manage the financial aspects of all the projects awarded to us.
A distant relative of ours, Abraham Newland, worked at the Bank of England for 59 years and was Chief Cashier from 1778 – 1807.
During this role his name appeared on all notes and these notes were popularly known as “newlands”, a nickname which persisted long after they ceased to circulate. Born to William Newland, a miller & baker, he was one of 25 children !
He died shortly after retirement and departed this life with some style; led by two bank porters , the funeral was “ten persons deep mourning on horseback” and a plume of feathers, the hearse was followed by six mourning coaches, his private carriage and a number of gentlemen`s carriages. As the cortege passed the Royal exchange, business was temporarily suspended.
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