Me & My Money: Turning troubled firm into a thriving business

Mr Davies Teo (seated) with his siblings (from left) Shirley, Richard and Cheryl. As chief executive of E-Tech Building Services, Mr Davies Teo aims to grow the business in the next few years and expand its offerings, like working in partnership with
Mr Davies Teo (seated) with his siblings (from left) Shirley, Richard and Cheryl. As chief executive of E-Tech Building Services, Mr Davies Teo aims to grow the business in the next few years and expand its offerings, like working in partnership with manufacturers to bring in the building monitoring system with sophisticated state-of-the-art technology for the facilities management industry.ST PHOTO: LIN ZHAOWEI

Businessman and siblings grew dad's building services firm into one with $10m yearly revenue

When businessman Davies Teo and his two siblings took over their father's building services firm in 2000, it looked like they had landed on a sinking ship.

The company was turning over just $300,000 a year and losing money.

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A version of this article appeared in the print edition of The Sunday Times on December 16, 2018, with the headline 'Turning troubled firm into a thriving business'. Print Edition | Subscribe