Theodore Vairaktaris

Written on the 20 November 2009

Theodore Vairaktaris
UHK
Construction

Age: 33
Business Est: 2003
Number of staff: 100
Growth: 62%
Turnover: $5.2m

THE traditional big painting contractors are still having nightmares of the day Theodore Vairaktaris put aside a degree in architecture to revolutionise their industry.
What inspired a promising young architect to take on the world of paint?

“The painting industry was still stuck in the traditional idea of a ‘tradie’ running his business out of a briefcase in his car. There was poor organisation and a serious lack of quality control,” says Vairaktaris.

“We’ve adapted more of a building company’s structure to the painting industry where we offer a lot more support to our staff with professional tools and training experience.”

Vairaktaris founded UHK Painters and Decorators in 2003 but really started making waves in 2005 after seeing opportunity in the commercial area and acquiring ‘tiny operating company’ Usher and Sons Painting Contractors for $30,000.

On average the company has doubled annual revenue every year since and is on track to continue this growth rate in 2010.

“It comes down to the company culture I’ve instilled. We are the only painting company who can guarantee the same quality product anywhere in Australia, and clients need to know we’ll be there for them,” says Vairaktaris.

UHK recently moved from their original head office in Southport to a large warehouse in Gaven to better serve more than 100 full-time contractors working across Australia and the occasional client in New Zealand.

“One thing that was very important to me was that I didn’t want to take jobs away from tradesman in those regions,” he says.

Major contracts include painting all Supre, Telstra and other major retail stores and closer to home the Southport-Broadwater Parklands and the Tugun Bypass Tunnel.

Vairaktaris says the company has certainly felt the effects of the GFC but the biggest challenge ahead is maintaining its unique business plan as other major painting contractors begin to mimic UHK’s operational structure.

“We know the big companies have felt us as they are targeting our workers. They know how strict we are with professionalism and presentation.”

The attempted poaching of his painters doesn’t bother Vairaktaris. It is a reflection of how UHK has changed the industry.

“By 2011 we plan on having small offices based in every state in Australia and one in New Zealand,” he says.

What advice does the 33-year-old head of a multimillion-dollar national company have for any young minds looking to enter into the world of business?

“If you see an opportunity to express yourself and live up to what you can achieve, take it,” he says.


Latest News

SIRTEX CEO DISMISSED FOLLOWING SHARE TRADING PROBE

SIRTEX Medical Ltd (ASX: SRX) has sacked its chief executive officer, Gilman Wong (pictured), following an investigat...

SANTA DELIVERS KOGAN A GIFT

KOGAN.COM (ASX: KGN) has exceeded its expectations and reported another strong quarter of trade.

The online retail...

FOUR WAYS YOU SHOULD PROTECT YOUR IT SYSTEMS FROM EXTREME WEATHER

SHANNON Overs, co-founder of onPlatinum ICT, sees it too often, perhaps half a dozen times per year businesses tha...

IOT GROUP ORDERS FIRST PRODUCTION OF ROVA DRONE

IOT Group (ASX:IOT) has ordered production of 40,000 units of the ROVA flying selfie drone from Chinese technologies ...

Related News

RISE OF STARTUP SUPPORT PROGRAMS NOT AS ROSY AT IT SEEMS

ENTREPRENEURIAL cultivation companies in Australia are appearing quickly, but questions have been raised about whe...

SMES TAKE RETAIL MARKET SHARE AS CONSUMERS CHOOSE PERSONALISATION

IN a battle for the hearts and wallets of Australian consumers, it appears that small and medium retail businesses...

KNOWLEDGE WORKERS AMONG MOST SOUGHT AFTER IN 2017

BUSINESSES searching for efficiencies and improved systems are in search of knowledge workers early this year, say...

FEMALE ENTREPRENEURS GET SPRINGBOARD TO GROWTH

DESPITE the fast-growing number of women studying STEM subjects at school and university, women continue to be und...

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter