Page 4 - Hive 28 March 2019

INTRODUCING

OUR NEW CFO

“It gives me immense pleasure in addressing my project, productivity and the maintenance of equipment can make or break
colleagues through HIVE in the very first year of me successful delivery. Construction projects inherently assume a lot of financial
risk and missed deadlines will directly hit the pocketbook with liquidated
joining Lorne Stewart and more so in the first year of damages.
the revamped publication.
We have to help the organisation plan for the unknown with the best ‘knowns’
After having spent a couple of decades in the Middle East mainly working for available to us at any given moment. With this in mind, going forward we believe
the leaders in construction, property development and services sectors, the more focus would be on rationalisation of cost, financial controls, systems and
Board of Lorne Stewart offered me the opportunity to take over the position of procurers. All of these would lead to value creation for the suppliers in addition
CFO of the Group. It is with great pride I accepted the offer and I’m extremely to improving the financial status of the Group.
happy and excited to join another professionally managed international
construction company specialising in the field of engineering and services. The management is constantly looking out for organic growth in newer areas
It has been seven months since I joined and I’ve visited all of the branches and which compliments the existing strengths and expertise of the Group. Our
a few projects which provided a great deal of comfort and conviction about the current order backlog is good and we are confident of securing more meaningful
capabilities and expertise of the Group. orders. Our focus would be more on delivery and execution of projects in time
and cost.
Opportunities and challenges are always ahead of us and change is inevitable.
We must always reinvent ourselves in what we are doing and the way in which With strong expertise in various functions of the organization, we should commit
it is being done. Improvement is a continuous process and must be carried on ourselves to the Lorne Stewart Group to be able to deliver values to our clients
to achieve the desired results further. Every industry has its challenges, but very and shareholders and ultimately ourselves.
few industries are as complex as construction.
I take this opportunity to thank you all for your support and I look forward to
Delivering projects on-time and on-budget is a challenge that has always working with you in achieving the deliverables to take the Group forward in
plagued the construction industry. There are many things that can hinder a leaps and bounds. I look forward to working with you all throughout 2019 and
2 beyond.”
Ramesh Krishnamurthy
Lorne Stewart Group CFO

FOREWORD FROM DAVID WEBB

“Having entered 2019 I realise it has been just over Coming out of 2018 there was a big space in the market for technically lead
a year since I joined Lorne Stewart. What a year it service delivery and we aim to fill that gap. We have been provided with an
opportunity to utilise our strengths and take the lead in the marketplace this
has been. year. We are a family owned, flexible and responsive company and it will be
our self-delivery model approach that will encourage clients to contact us and
One thing that has remained evident over the past 15 months is that we have conduct business with us this year.
a team of fantastic people and a bright future ahead of us. As I have continued
to venture out to our sites and meet both the teams and clients, what is Facilities Services’ vision for 2019 is focussed on continuous improvement,
increasingly apparent is the high calibre of talent among us. innovation and growing profitability. We aim to become the ‘Service Partner of
Choice’ for current and future clients, helping customers to achieve their goals.
Indeed, I have witnessed many of you go above and beyond your line of duty for Looking to the future, we should be driving to create sustainable growth in the
which I thank you. I am proud of the business we have and the people within Company.
Lorne Stewart.
To achieve our goals for this year, I will need an engaged and empowered
Your continual hard work and determination is what is aiding the growth within workforce who have pride in the Company that we work for and a hunger to be
Lorne Stewart Facilities Services and long may it continue. 2018 saw in excess the best in our field. I feel that it is very important to invest in our team and we
of 10 new customers placing Mechanical, Electrical and Building Fabric orders will be looking at unique and exciting training opportunities to develop you over
with us, and this does not include numerous individual projects. the coming months. I will also be looking to offer more apprenticeships around
the Company to strengthen our contribution to local communities.
Market conditions continue to place pressure on the price and costs we operate
within. It is often a key consideration for customers looking to place orders with Throughout 2019 I am confident that we will all continue to ensure that we
us. Therefore we must continue to challenge ourselves to ensure that we are contribute to the success of Lorne Stewart, working as a collective across all
able to differentiate from our competitors. Ultimately this is the responsibility of departments.”
each and every one of us. We need to focus on the quality of the service that we
provide, keeping our customers’ needs at the forefront of our minds. David Webb
Managing Director, Facilities Services