Turnover hits £55.3m at construction materials business
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Construction materials manufacturer Naylor Industries has reported a strong increase in annual turnover after completing a major capital investment programme.
Sales from the firm’s continuing activities rose 13% to £55.3m as new premises and equipment became fully operational during the year ending 28 February 2019. And operating profits increased to £2.4m from £440,000 the previous year.
Naylor is a fourth-generation family business with five manufacturing sites across the UK, including three in the Barnsley area. It manufactures clay and plastic pipes as well as concrete products and employs 400 people.
Recent years have seen the company undertake considerable investments in plant and premises, including the acquisition of two new freehold sites in Barugh Green and Wombwell.
It has also built a £5.5m plant for manufacturing large diameter plastic drainage, which has helped lay the foundations for future growth.
Edward Naylor, Chief Executive, said: “2018/19 was a year of good progress. We finished commissioning our new premises and plant and the results benefited from a reduced level of disruption and a greater focus on business development.”
The company said its turnover per employee increased significantly over the year, as its capital investments made a positive impact on labour productivity.