Thurston Group looks to overseas growth
MANUFACTURER Thurston Group is looking to expand overseas and boost production following a funding deal.
Thurston Group, based at Quarry Hill Estate in Wakefield, was established in 1970 and is a leading manufacturer and provider of modular and portable buildings for use in every industry and market sector, including health, education, transport, construction, defence, and telecommunications.
Services provided include everything from consultancy, design and manufacture through to gaining planning permission and ensuring building regulation approval.
Jonathan Petch, managing director of Thurston Group, said: “Thurston is bucking the trend and already growing organically in the UK. The new funding from Barclays will enable us to expand overseas – fulfilling our growth strategy and providing us with more flexibility going forward. It’s great working with a team that understand our business and can provide a holistic solution for both UK and overseas business.”
Thurston now employs 230 staff across Yorkshire and turnover this year is expected to reach around £30m.
Alex Pryce, Barclays relationship director, said: “Thurston Group is a highly professional and progressive brand that is thriving despite the current economic challenges. The management’s ambitious growth plans are testament to their success and this is a fantastic opportunity to work with a leading Yorkshire manufacturer.”
The sum of the deal was undisclosed.
