A Fife fit-out company has announced record turnover, with a £5 million increase in sales last year.
Dunfermline-based Deanestor enjoyed a rise in turnover to £19m for the year to December 2022, a 35% increase on the previous year.
The firm also recorded pre-tax profits of £560,182 over the period, compared to pre-tax losses of £844,183 the previous year.
Sales of £17.5m have already been secured so far in 2023, with a strong order pipeline which extends into 2025.
Record sales for Fife firm Deanestor
Ramsay McDonald, managing director of Deanestor in Scotland, hailed a “solid” year for the firm, which has its Fife base at Dunfermline’s Carnegie Campus.
Mr McDonald said: “We operate in diverse sectors which all remain buoyant despite the economic challenges.
“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 across the country.”
He said Deanestor has continued to grow its school building sector in Scotland since it acquired the Havelock brands in 2019.
Mr McDonald added: “This has contributed to a very significant increase in sales in the past year.
“We have already secured over £6m of orders for Scottish projects so far this year.”
Deanestor’s £3m Dundee school project
Deanestor has recently expanded its storage facilities to 200,000 sq ft with the addition of two new units in the East Midlands.
New projects include a contract worth more than £3m for Robertson Group to fit out a new secondary school campus in Dundee.
Mr McDonald added: “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.”
Established in 1948, Deanestor provides furniture solutions to construction clients and contractors.
As well as its base in Dunfermline, the firm – which has about 150 staff – has six manufacturing and distribution facilities in Mansfield.
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