Severfield plc
- Market Cap (£m) 110.2
- Listing LSE
- Quick links:
- Company Website
- Annual Report
- Latest Results Deck
Analysts
Company Descriptions
Severfield is the UK’s largest structural steel provider and one of the biggest in Europe. It also has a JV in India with JSW Steel, India's largest steel producer. Severfield's main activities are: the design of steel structures for buildings and infrastructure; fabrication of steel sections and plate; and the erection of the steel elements within larger projects. The group was formed in 1978 and undertook a major restructuring in 2013. In 2019 the group acquired privately-owned Harry Peers & Co, which serves the nuclear, process and power industries, for up to £25m. DAM Structures, which is exposed to rail, was acquired in February 2021 for up to £27m.
Investment Summary
We believe that Severfield should benefit from: growth markets such as infrastructure, including HS2, logistics and datacentres; its leading market position; and its strong balance sheet, which could open up further market opportunities. Severfield has developed a more active strategy of leading rather than following demand, with the group investing in design capabilities and manufacturing capacity tailored to potentially long-term, structural growth sectors such as datacentres, logistics and infrastructure, where clients are more dependent on security of delivery than, say, basic offices and retail. Europe and the potentially huge Indian market are examples of the group’s geographical strategy.
Recent Content
Company Management Team
Paul Mcnerney
CEO
Paul McNerney is a business leader with wide-ranging experience across the UK and Australia. He’s spent much of his working life in the construction, infrastructure, and manufacturing sectors, leading teams and businesses to deliver long-term value.
Before joining Severfield, Paul held multiple senior executive roles at Laing O’Rourke and is currently a member of the CBI’s UK Competitiveness Committee and serves on the Liverpool to Manchester Railway Partnership Board.
Paul is driven by the transformative impact the built environment has on society. He has a proven track record in leading complex direct delivery businesses and working with customers to shape and deliver some of the UK’s most challenging infrastructure projects.
At Severfield, Paul works with the Board to set our strategic vision and is focused on creating growth, strengthening our market leadership, and executing for our Clients. Paul is a champion of our people and is known as an engaged, visible leader with high standards.
Andrew Page
CFO
Andrew Page is Chief Financial Officer and Executive Director of Severfield, joining the Senior Leadership team in February 2026.
Andrew brings extensive financial leadership experience from roles across a range of sectors and organisations. Most recently, he served as Interim Chief Financial Officer at privately-owned construction and engineering group, ISG. Prior to this, he held senior finance positions at British Energy Group, Centrica plc, FirstGroup plc and Ocado Group plc. With extensive experience in the UK listed market, he brings strong strategic finance and capital markets capabilities.
Andrew qualified with the Institute of Chartered Accountants of Scotland (ICAS) in 1998.
At Severfield, Andrew will focus on providing strong financial leadership, to continue to build Severfield’s long-term growth and success, and to help deliver its strategic ambitions.
