Modern Slavery & Human Trafficking Statement

6.4 Modern Slavery & Human Trafficking Statement

6.4.1 Introduction

Princebuild Ltd recognises and welcomes the Modern Slavery Act 2015 and the duty it places on large organisations to disclose publicly the steps they are taking to prevent modern slavery within the business and their supply chains. Princebuild has a zero-tolerance approach to modern slavery and is committed to improve its practices by acting ethically and with integrity to ensure that modern slavery and human trafficking does not exist anywhere within the organisation or is in any way associated with the business.

6.4.2 Our Business

Princebuild is a family-run business that has been caring for, maintaining and building properties since 1971.

We specialise in providing a diverse range of services across the construction industry organised into six key divisions: Construction, Small Works, Insurance, Maintenance, Building Services and Commercial Interiors.

Founded in Peterborough, where our head office remains today, we have expanded our operations to cover the entire East of England, and for larger projects, we offer a national service.

We currently employ more than 170 people who help us achieve our business goals and deliver the excellent levels of service our customers have come to expect.

As well as delivering services directly, we act as principal contractor and provide contract management expertise. Over 50% of our total expenditure was attributed to sub-contractors and, every day, a significant number of their employees will be working on our sites throughout the UK in addition to our directly employed workforce. When acting as principal contractor we are responsible for other contractors appointed by our client or architect.

6.4.3 Our Policies

We have appropriate policies in place that underpin our commitment to ensure that modern slavery or human trafficking is not taking place anywhere in our supply chains or in any part of our business. We continuously review and update all our policies.

Our Modern Slavery and Human Trafficking Policy reflects our commitment to acting ethically and with integrity in all our business relationships and to implementing and enforcing effective systems and controls to ensure slavery and human trafficking is not taking place anywhere in our supply chains.

6.4.4 Due Diligence, Risk Assessment and Auditing

Princebuild considers its position within the construction industry as low to medium risk in relation to modern slavery. The company recognises that although comprehensive practices are in place to ensure that modern slavery does not exist within direct recruitment and employment, the very nature of the business is complex when considering the use of sub-contractors and extended supply chain. Princebuild insists that large companies associated with business adhere to section 54 of the Modern Slavery Act and that smaller companies abide by the principles and policies in operation. Accordingly, Princebuild expects its sub-contractors to ensure that modern slavery also does not exist within their own supply chain. Where issues are identified that are not resolved to our satisfaction, we review the ongoing nature of the relationship with that relevant organisation.

As part of our initiative to identify and mitigate risk we: –

· Ask all potential suppliers to complete a mandated due diligence questionnaire.

· Instruct an independent audit of new and existing suppliers, in particular those in high risk areas – for example, the organisation might undertake routine independent, worker interviews or on-site inspections – and potential actions taken if issues are identified.

· Include robust anti-modern slavery clauses in all supply contracts.

We use the following key performance indicators (KPIs) to measure how effective we have been at ensuring that slavery and human trafficking is not taking place in any part of our business or supply chains: –

· The percentage of suppliers and sub-contractors vetted for ethical labour practices.

· The number of inspections of direct suppliers and sub-contractors in our supply chains in the past year.

· The number of reported breaches in the past year.

· Percentage of staff receiving training on identifying and addressing the risk of slavery and human trafficking in our business and supply chains.

6.4.5 Our Policies and Procedures

Princebuild adopts a number of procedures that assist with our management of potential modern slavery and human trafficking issues, details can be found within our Employee Handbook. These procedures can be found within the Pre-Employment Checks and Whistle Blowing Policies and Procedures.

In order to address modern slavery directly, Princebuild has implemented a Modern Slavery and Human Trafficking Policy that sets out the company’s position in relation to modern slavery. The policy is designed to set out the requirements when entering into contractual relationships with others and ensures that its employees are aware of their responsibilities in working to ensure modern slavery does not exist anywhere within the company.

6.4.6 Training

To ensure a high level of understanding of the risks of modern slavery and human trafficking, Princebuild is committed to training its employees to recognise potential situations of modern slavery in our supply chains and in our business, as well as understanding the procedures to report their concerns. Training is provided at induction and refresher training via seminars, departmental meetings, and toolbox talks.

6.4.7 Effectiveness of Controls

Princebuild has not identified any instances of modern slavery or human trafficking within its business or supply chain during the reporting period. The effectiveness of our controls is monitored through supplier due diligence, audits, employee training and whistleblowing arrangements.

6.4.8 Moving Forward

Princebuild is committed to ensuring modern slavery does not exist within its organisation by improving its current practices, adapting existing procedures, creating new policies and continuing to educate its employees. The board of Directors have set targets for the forthcoming year which include the following:-

· To continuously review and update our Modern Slavery and Human Trafficking policy, which is included in the Princebuild Handbook.

· To adapt and improve existing key policies and procedures as necessary to address modern slavery issues.

· To provide refresher training for our employees on identifying any potential unlawful or unethical conduct within our operations and supply chain and how to report their concerns.

· To ensure that all applicable sub-contractors have a signed statement and policy to abide by the Modern Slavery Act or smaller organisations to agree to comply with the policy and procedures of Princebuild.

· To audit our policies and procedures to ensure effectiveness and best practice in addressing risk of modern slavery within our operations.

This statement is made in accordance with section 54 (1) of the Modern Slavery Act 2015 and constitutes Princebuild modern slavery and human trafficking statement for the financial year ending 30th September 2026.

This statement was approved by Princebuild board of directors on 02 June 2026.