Growing Poulton contractor in Stock Exchange initiative

Sean Egan and Bill Dugdale of DES with, right, Dr Robert Barnes (Head of Primary and Secondary Markets at the London Stock Exchange
Sean Egan and Bill Dugdale of DES with, right, Dr Robert Barnes (Head of Primary and Secondary Markets at the London Stock Exchange

A Fylde coast contractor with ambitious growth plans has been chosen for special mentoring by  London Stock Exchange leaders.

And bosses at the firm, DES of Poulton, were given the chance to go down to London to press the button to start the day’s trading at the famous City of London institution.

DES has been selected by the LSE to join its prestigious international business support and capital raising programme – Elite. DES will be working closely alongside the LSE for two years.

The award winning mechanical and electrical contractor was one of just 20 UK firms chosen.

DES providing services to many of the UK’s largest building contractors mainly in the commercial, education, leisure and entertainment sectors.

lite is a platform which is designed to help the UK’s most exciting and ambitious private companies prepare and structure for their next stage of growth.

Those behind it say it offers structured engagement between companies, entrepreneurs and business leaders as well as the investor community.

DES managing director Sean Egan and chief executive Bill Dugdale had the honour of opening the London Stock Exchange Market.

Sean Egan said: “As an innovative company that has grown to over 75 employees in the last two years, it was a privilege to represent all of DES at the opening bell of the London Stock Exchange, and we are looking forward to the day we list ourselves. This is a very important milestone in our growth journey.”

Founded in 2000, the company has increased revenues by 30 per cent within the past twelve months and is heading for a record turnover level since formation at £15m a year.

Since 2010 DES has increased sales from £4m to £15m a year.

Sean Egan added: "We are proud to represent Blackpool by working with the London Stock Exchange and their support will help us create further employment opportunities to stimulate our local economy."