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Growth sees Thurston Group head for £50m turnover
Modular building specialist Thurston Group is on track to deliver a £50m turnover for the year. This result means the Wakefield-based manufacturer will have more than doubled over the last three years alone, following a series of record-breaking quarterly results.
Thurston Group was able to stay fully functional during the pandemic, with office-based staff moving to remote working and factory staff able to continue working within operating bubbles, whilst adhering to social distancing. This meant that its modular and portable building manufacturing and projects could all continue as planned.
Thurston’s was able to deliver quick solutions during the pandemic, including delivering emergency intensive care units to increase hospital capacity, vaccination centres to support the vaccine rollout, and many hospital extensions and testing centres.
Significant growth means Thurston Group, a modular manufacturer that employs over 350 people, is expecting to exceed a £50m turnover / Picture: Thurston Group
Employing more than 350 people, Thurston’s growth also means that it’s able to produce well over 550 units per month from its three manufacturing sites. According to the recently issued accounts, Thurston Group’s turnover at the end of October 2020 reached £35.3m. Due to this significant growth, Thurston’s is now looking for a significant number of employees and apprentices across all departments to support further growth plans.
Matthew Goff, managing director at Thurston Group, 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.”