Thompsons of Prudhoe doubles in two years

Thompsons of Prudhoe Holdings Ltd became over £82.7m in the year to 31^st March 2023 (2022: £69.7m) and made a pre-tax profit of £18.2m (2022: £6.9m).

That 18% enhance in group turnover closing year got here on the aid of 76% enhance the old year. In fiscal 2021 group turnover became gorgeous £39.5m.

“There’s no denying we’ve had an improbable 24 months inner our swap,” acknowledged managing director Gash Shilling, “which is testament to the achievements of our group and the enhance of our purchasers and wider provide chain.”

He acknowledged that phenomenal of the profit became being reinvested into the swap.  Investments encompass £10m on two washing plants for quarries at Springwell in Gateshead and Anick Grange in Northumberland, the acquisition of Lakeland Minerals Ltd with its sand and gravel quarry in Cumbria and a persevered funding updating its 86-solid fast of wagons and 160-solid plant and machinery.

Work is below procedure at the Anick Grange sand and gravel pit, with funding to create bunding, avenue widening works and keep a novel welfare unit.

Thompsons of Prudhoe Holdings comprises the core demolition swap Thompsons of Prudhoe Ltd alongside with W&M Thompson (Quarries), Tyneside Minimix (Concrete) and Thompsons Asbestos Companies and products.

Thompsons of Prudhoe Ltd accounted for £73.0m of the £82.7m group turnover closing year.

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