Midlands manufacturer posts £5m turnover boost
Deanestor, the Mansfield furniture and fit-out specialist, has released its latest results for the financial year.
Its turnover surged by 35% to £19m, marking a £5m increase. The firm also achieved pre-pandemic profit levels, with an operating profit of £750,000.
Deanestor says it has also secured £17.5m in sales for 2023 and have a solid order pipeline extending into 2025, with a turnover in Scotland surging by 75% since 2021, reaching over £7m last year.
The company has experienced growth in its key markets, including student accommodation, build-to-rent, healthcare, and education.
Their facilities in Mansfield, Nottinghamshire, now cover 250,000 sqft across six sites, with a staff of approximately 150.
Deanestor recently completed three healthcare projects: a new cancer care research centre at The Royal Marsden in London, a mental health facility for South London and Maudsley Hospital, and a £1.5m furniture fit-out contract with Laing O’Rourke for the first phase of the £485m Brighton 3Ts redevelopment of Royal Sussex County Hospital.
William Tonkinson, managing director of Deanestor, said, “I am pleased to report that we had a solid performance last year and are on target with our growth forecast for 2023. We operate in diverse sectors which all remain buoyant despite the economic challenges, and we have maintained high levels of repeat business with some of the UK’s leading contractors and residential developers. This is testament to the hard work and commitment of our teams in Mansfield, Scotland and on site across the country.”
