Altrincham's McGoff Group lands £100m turnover

The McGoff Group is on a huge upward trajectory as it hits a landmark turnover of £100million.  Group revenues have been derived through its wholly sustainable approach to development and care provision for both children in their early years and the elderly, often most vulnerable, people within our society.

The Group, which now employs over 1,500 people, seamlessly transitions from site acquisition into exemplary design, expertly navigating the build process and ultimately operating class-leading facilities all under a wellbeing centric family stewardship.

The diverse portfolio and range of activities include early years & elderly care, private & social housing, development, construction, specialist subcontracting, facilities management, residential sales & lettings including all-encompassing professional asset management services.

Over recent years the Group has amassed a valuable portfolio, notably 15 award winning  elderly care facilities operated by New Care, providing excellent residential and dementia care within the most inviting and comfortable settings.

Back to the Garden Childcare is paving the way as a natural child-led children’s day nursery group with settings in Altrincham, Lymm and Bowdon focusing on outdoor learning, natural products and nutritious food.

At the beating heart of the organisation is McGoff Construction, a 50 year old contracting business, alongside Panacea Building Systems, a category 2 MMC approved Metframe installer. McGoff Group Facilities Services (MGFS) provide hard and soft planned and reactive maintenance as well as specialist passive fire and fit out services, whilst EdenCroft the latest addition to the pack, offers specialist Mechanical and Electrical services.

Appreciating the ever-increasing responsibilities bestowed upon landlords of high -rise multi-occupancy buildings post Grenfell, as well as the need to provide luxury hotel style amenities and five star customer experience to an ever more discerning renting cohort, the Group established its own Asset Management Business in 2018.

By bringing this service in house, the Group ensures every building within the portfolio is professionally managed and fully compliant in an ever more stringent environment. Downtown Asset Management (DAM) is a fully accredited Asset Management Business proving a range of services including 24-hour concierge, resident engagement & wellbeing and planned & reactive maintenance, all expertly tailored to ensure residents are kept safe and enthused.

McGoff Group in its 50th year of uninterrupted trading is putting its revered build experience to good use within the residential sector also. Along with multiple care home and mixed use schemes currently under construction, the Group is currently helping service the deficit of public and private homes within our communities with 500 new homes currently in build and hundreds of more homes in the pipeline for next year. The Group’s continued diversification into retirement housing is also moving forward with the acquisition of their first retirement village site in the Southeast to provide 121 units alongside a 67 bed care home.

McGoff’s flagship project is Downtown Victoria North, a Manchester City Centre build to rent development of 237 luxury apartments, located in the historic Angel Meadow district. Downtown Victoria North marks Puma Property Finance’s 11th and largest loan into the Group to date of £50million, emphasising the strength of confidence in the Group’s unique ability to consistently deliver top quality operational real estate.

McGoff have fostered long standing relationships with a number of funders including a host of high street banks, including Allied Irish Bank, Barclays and Virgin Money, institutional funds including such as Aviva, US REITs and boutique lenders such as Beaufort Capital & Octopus. Multiple deals have also been agreed with Housing Growth Partnership, a UK Government initiative backed by Lloyds Bank.

Other exciting opportunities recently secured for the group include a multi-generational scheme in Bowdon comprising a 51 bed care home and 95 place day nursery, a 70 bed care home and 80 retirement apartment scheme in Congleton and a £40m scheme in the Southeast consisting of a 67 bed care home and 121 retirement properties. In addition, McGoff are shortly due to commence on a £16m brownfield regeneration site in Old Trafford Manchester delivering 80 affordable living apartments for Southway Housing Trust.

The Group has been managed and backed by the McGoff family for over 50 years, and is now rather uniquely under the stewardship of a close-knit group of brothers who have demonstrated their commitment to growth plans with substantial levels of private financial backing of over £15m into a number of exciting new projects.

Chairman of McGoff Group Projects; Dave McGoff comments; “McGoff Group are taking self-sustenance to a whole new level within the built environment harvesting our own brown field land, self-delivering low carbon buildings, embracing modern construction techniques whilst providing much needed care and residential provision within communities through our own award-winning operating businesses.

Being able to exercise influence over each phase of the development and operational cycle drives alignment and invariably unlocks previously unviable developments which de -risks the proposition for funders and statutory stakeholders alike.”