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Ziggy’s Update – June 2020

As we go into the second half of 2020, I thought I would share some of my thoughts on the year to date and give an update on the health of our teams and business as a whole.

If someone would have told me this time last year how 2020 would have played out so far I would have said there was a better chance of West Ham winning the league. What has happened this year is truly unprecedented, and has led to terrible outcomes for many. As a business owner with a responsibility to my staff we have moved as quick as we can in these uncertain times to secure the immediate futures for our staff through the various support schemes available to us and we have also put in place controls that secure the future of the business going forward.

From the start, well from when it became apparent that this terrible virus would cause such turmoil in the business world, we have always been of the mindset that we would battle through it. LDD are proud of our people, they have got us to where we are today and they will for sure get us through what is going to be a difficult few years ahead.

We have had to change our ways of working, with a large contingent operating from home and this has worked out really well to date with everyone being surprisingly productive in strange circumstances.

At one stage we were around 30% operational but this has recently recovered to around 80%, which is amazing and shows signs of an upturn. This is also down to our valued customer base which has been built upon the principles of repeat business. I am extremely proud of our clients efforts in securing their sites and getting our teams back to work safely. I have to give a special mention to what has gone on at Mace’s site at Battersea – the onsite logistics of eventually getting 3000 workers back is nothing short of astonishing.

On another positive note, during lockdown we have secured four seven-figure projects, two of which have already started on site. While this is fantastic news for us, I do fear a longer recovery for our smaller projects which are often linked to the retail and hospitality sectors. These smaller contracts, especially in our drilling division, make up a substantial contribution to our turnover and so we are looking forward to retail and hospitality making a strong bounce-back as we exit lockdown and restrictions are lifted.

Lastly, my personal experience of lockdown (being the social animal that I am) is that it has been tough. I felt a duty of care to the people who were out working for LDD to be in the office everyday, even if this was on my own. I have turned to keeping fit to try to stay healthy and keep my mind on track and would encourage other to do so. Having seen how my staff have reacted during this time in the most unprecedented of circumstances, I am positive for the future and would like to thank them all for their hard work and understanding.

Stay safe London, it’s what we do.

Ziggy

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