Signature Homes Ltd managing director Gavin Hunt & wife Anneta have taken over full ownership from joint owners Martin & Cindy Beadle after a 9-year partnership.
As the Beadles quit to go travelling, Signature also announced it achieved $53 million turnover in the March year and said it was on track to double that figure within 3 years.
Mr Hunt said turnover had risen $10 million a year since 2000.
“The focus now, and for the next 5 years, will be to push the business hard and organically grow Signature Homes’ 16 builder franchises throughout the country. We’ll achieve this through providing heightened support in terms of sales & production for both current & new franchises,” Mr Hunt said.
A sister company also now wholly owned by the Hunts, Signature Building Systems International Ltd, builds resort developments & homes in Japan, Korea, China, French Polynesia & the Maldive Islands.
Plan to roll out Fix It Building Services franchises
Signature Homes also owns 67% of Fix It Building Services Ltd, a trade-based repair & maintenance service.
“Fix It is currently being franchised nationally and aims to grow its number of franchises from 7 to 120 before 2008,” Mr Hunt said.
Fix It’s strategy will include a UK advertising campaign to recruit expatriates & British trades people.
One of New Zealand’s longest established design & build companies, Signature Homes began under Fletcher Challenge ownership in the late 1970s. Mr Hunt has been an owner since 1990.
Signature won preferred-builder status from the Ministry of Education in 2002, in a tender process against 72 others, to build early childhood centres throughout the country. The ministry programme will cost $30 million over the 3-year contract.
Signature is also the appointed builder for the National Heart Foundation’s Lottery Home programme.
Company website: Signature Homes