![Managing director Nick Shilling [©The Bigger Picture]](/assets/news_articles/2024/01/1705650395_copyright-the-bigger-picture-3.jpg)
Thompsons of Prudhoe Holdings Ltd turned over 拢82.7m in the year to 31st March 2023 (2022: 拢69.7m) and made a pre-tax profit of 拢18.2m (2022: 拢6.9m).
That 18% growth in group turnover last year came on the back of 76% growth the previous year. In fiscal 2021 group turnover was just 拢39.5m.
鈥淭here鈥檚 no denying we鈥檝e had an incredible 24 months within our business,鈥� said managing director Nick Shilling, 鈥渨hich is testament to the achievements of our team and the support of our clients and wider supply chain.鈥�
He said that much of the profit was being reinvested into the business. 聽Investments include 拢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 continued investment updating its 86-strong fleet of wagons and 160-strong plant and machinery.聽
Work is under way at the Anick Grange sand and gravel pit, with investment to carry out bunding, road widening works and create a new welfare unit.
Thompsons of Prudhoe Holdings comprises the core demolition business Thompsons of Prudhoe Ltd along with W&M Thompson (Quarries), Tyneside Minimix (Concrete) and Thompsons Asbestos Services.
Thompsons of Prudhoe Ltd accounted for 拢73.0m of the 拢82.7m group turnover last year.
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