Modular buildings manufacturer on track to exceed £50m turnover
Register for free to receive latest news stories direct to your inboxRegister
Wakefield-based manufacturer, Thurston Group, is on course to deliver a £50m turnover for the year.
This means it will have more than doubled over the last three years – despite operating throughout the pandemic – after a series of record-breaking quarterly results.
The business has been able to stay fully functional, with office-based staff moving to remote working and factory staff continuing to work within operating bubbles whilst adhering to social distancing.
It has meant modular and portable building manufacturing has continued as planned.
During the crisis Thurston’s has delivered emergency intensive care units for hospitals to increase their capacity, vaccination centres to support the vaccine rollout, along with many hospital extensions and testing centres.
Employing over 350 staff from Yorkshire and beyond, Thurston’s growth means it can now produce well over 550 units per month from its three manufacturing sites.
According to its recently issued accounts, the Group’s turnover at the end of October 2020 reached £35.3m.
The business is currently looking for a significant number of additional employees and apprentices across all departments to support further growth plans.
Matthew Goff, managing director, said: “We’re really pleased to have seen another successful year of growth, which has produced record results in all areas increasing our turnover.
“Our continued success is directly attributed to the efforts made growing our client base throughout the UK and Ireland along with a recently secured place on the £1.6bn NHS SBS MB2 Framework, putting us at the forefront of our industry.
“Furthermore, our positive financial position means we will continue to provide capital expenditure and investment into our production facility locations; modernising and improving both the working environment for our employees, whilst at the same time improving the production capacity of each Thurston’s location.
“More recently the planning for a dedicated sub-assembly facility on the Horbury site significantly improves our production capacity, whilst also increasing manufacturing floor space at this site.”