Turnover increased by £5m in the financial year ending 31st December 2022 and operating profit rose to £750,000. Sales of £17.5m have already been secured so far in 2023 with a strong order pipeline which extends into 2025.
William Tonkinson, Managing Director of Deanestor, said: “I am pleased to report that we had a solid performance last year and are on target with our growth forecast for 2023.
“We operate in diverse sectors which all remain buoyant despite the economic challenges, and we have maintained high levels of repeat business with some of the UK’s leading contractors and residential developers. This is testament to the hard work and commitment of our teams in Mansfield, Scotland and on site across the country.
“We have continued to grow our business in Scotland, particularly in the school building sector and following our acquisition of the Havelock brands in 2019. This has contributed to a very significant increase in sales in the past year and we have already secured over £6m of orders for Scottish projects so far this year.
“We now have a strong foundation on which to grow and are continuing to invest in our people, in new cutting edge manufacturing technology, and in our production facilities and capacity.”
Deanestor has recently expanded its storage facilities to 200,000sqft with the addition of two new units in Mansfield. This extensive warehouse capacity allows customers to benefit from the manufacture of furniture products and the procurement of equipment at an earlier stage, helping to remove the risk of price inflation and materials cost increases.
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