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Build & Sustainability

Thompsons of Prudhoe ‘eyeing next 75 years’ after strong results

A demolition and haulage firm has set its sights on the “next 75 years and beyond” following stronger financial results.

Thompsons of Prudhoe says it will “continue to innovate” after an “incredible 24 months”.

Its commitment comes as forecasts show the business will book a rise of more than £10 million in turnover to £82.7 million in accounts to March 2023.

And bosses at the family-run company, whose services also include dismantling, earthmoving and quarrying, say it is primed for further growth thanks to a number of investments in wash plants, fleet and equipment upgrades and the acquisition of Lakeland Minerals.

Nick Shilling, managing director [pictured, above], said: “There’s no denying we’ve had an incredible 24 months, which is testament to the achievements of our team and the support of our clients and wider supply chain.

“However, while we recognise and celebrate this achievement, we remain focused on ensuring our business is set up for success for the next 75 years and beyond.

“The same ambition and passion our workforce has shown over the last seven decades is what we take forward into our next phase of growth, which is why the reinvestment of profit is incredibly significant.”

The business was last year recognised at the World Demolition Awards for its work on former steelworks land in Redcar, which is being redeveloped into the clean energy-focused Teesworks site.

 

Image: The Bigger Picture