Fast-growing CMS Window Systems lands £10m deal
● Cumbernauld group to design and make glazing for £100m Glasgow project
Cumbernauld-based business has bucked the “relative gloom” in the Scottish economy with a multi-millionpound contract to provide all the glazing on Glasgow’s vast £100 million Atlantic Square development. CMS Window Systems, which has landed the £10m contract to design, make and install the glazing, said it meant that it has a record order book valued at £65m over the next three years.
It also said that the work would help secure the jobs of its current 250-wrong workforce, and provide money to invest in the company’s growth.
David Ritchie, CMS Systems’ chief operating officer, said: “Winning this contract provides vital job security for our 250 employees who work in both manufacturing and on-site installation roles, and it creates a strong platform for us to invest in the future of the business. Recent economic surveys have painted a relatively negative picture for Scotland’s manufacturing and construction sectors, so it is fantastic to be bucking the trend with a healthy outlook.”
CMS Window Systems’ latest financial results will be published soon and are expected to reveal a record year for the former Queen’s Award for Enterprise winner.
The Atlantic Square development is being built by BAM Construction for mixed-use, providing office space on Glasgow’s York Street capable of accommodating more than 2,700 staff.
Atotalof187,000sqftofspace has already been pre-let by the developers, with the remaining 97,000 sq ft being developed as speculative Grade A office on Atlantic Square.
Ritchie said the latest contract win also illustrated how the company is increasingly being engaged by the developers of larger projects.
“Atlantic Square will be a landmark development in Glasgow city centre and we are really pleased to be worka ing with BAM Construction to transform this prime site,” he added.
“The scale of the window, door, curtain walling and facade brief represents our largest ever single contract, but it is exactly the kind of project that our business is equipped to handle.”
Ritchie said CMS Window Systems had evolved rapidly since its inception 12 years ago, and was now in a position “where a large proportion of our contracts are in the £5m+ bracket – not only in Scotland but across the UK”.
The Atlantic Square contract follows a series of recent collaborations in Scotland between CMS and BAM Construction, including Capital Square in Edinburgh, the new headquarters for energy fracking group Ineos at Grangemouth, and a number of buildings in Glasgow’s Queen Elizabeth University Hospital campus, including the Imaging Centre of Excellence (ICE).
The company said yesterday that work on site at Atlantic Square will in 2019 with the development due for handover the following year.