CET, the dynamic provider of specialist outsourced services to the construction and insurance claims sectors, has promoted its Group Managing Director Peter Eglinton to the position of Chief Executive in order to drive growth with bold plans to double the size of the business over the next four years. CET Group achieved revenues of over £27m in its latest financial year, growing 30% over the previous year and building on a five year track record of continuous strong growth.
Peter’s tenure with CET began in 2016 where his expertise in managing multi-site businesses was instrumental in the opening of a state-of-the-art materials testing laboratory near Heathrow. Following his natural progression to CEO, his growth plans include further geographical expansion, strategic acquisitions and investment in CET’s people.
Another key pillar for growth will lie in realising the value of the technology that has been brought to market by CET. SIMPLIFi, its property assurance claims management app plus CETi®, a powerful materials testing reporting tool, will both be extended to offer greater functionality and customer benefits. Peter’s plans also include finer analysis of the data generated to continue the development of its services – both in testing and home emergency.
Commenting on his changing role, Peter said: “Since joining CET last year, I have travelled extensively to get to know and listen to staff and customers alike – and when it comes to our team, I’ve discovered passion, technical expertise and a real willingness to give their all. My personal strategy as CEO will be to maintain the caring, can-do attitude of our business and to ensure that we don’t lose that through the substantial growth I believe is possible. Our commitment to customers has always been our greatest asset and through continuing to develop our people, we will only build on this as the organisation grows.
“Through the Heathrow opening we have already demonstrated the potential for sustained growth, and will also look to continue our strategy of acquiring complementary businesses to expand our capabilities. That, plus remaining agile and flexible to maintain excellent service levels for customers, will drive the business forward and it’s a hugely exciting challenge.”
In addition, due to specific opportunities in the market at present, former CEO Bob Blunden will remain with CET as Strategy Director with a focus on acquisitions and further technological developments.
CET Chairman David Williams said: "Peter Eglinton is a highly professional executive with considerable industry experience of delivering a high quality outsourcing service to customers. We are delighted that he is taking the business forward in what has been a smooth transition from the sound platform for growth that was built by former CEO Bob Blunden, with Dunedin's support."
CET is backed by UK mid-market private equity firm Dunedin.