Furniture and fit-out firm posts record £30m year
Mansfield-based Deanestor, a furniture and fit-out specialist has announced a record order intake exceeding £30m.
This marks an increase of over £3m in forward orders compared to the same period last year, with projects lined up for delivery through to the end of 2025.
In the firm’s latest financial results for the year ending December 2023, the company reported a £3m increase in turnover, reaching £22.4m.
In 2023, Deanestor’s turnover rose from £19.2m in the previous year, maintaining a healthy operating profit. Net assets increased by £1.5m during the same period.
Deanestor has delivered and secured projects across sectors such as healthcare, education, student living, and build-to-rent.
William Tonkinson, CEO of Deanestor, said, “This latest set of figures demonstrates strong and sustainable growth for the business across multiple sectors. We have an exceptionally healthy project pipeline and are anticipating an increase in turnover to £24m by the end of 2024.”
“Our financial performance is a testament to the hard work of our teams in the East Midlands and in Fife – from design and estimating to manufacturing and work on-site – who help our clients achieve the balance between first-class fitout services, fitted furniture of the highest quality, and project delivery to the required budget and programme. Quality and longevity are vitally important for fitting out retained assets – from hospitals that are operational 24/7 to co-living apartments that require strong tenant appeal, long-term.”
