Contract furniture maker returns to profit as sales rise

Contract furniture manufacturer Deanestor has reported another growth in sales as turnover edged towards £20m.

According to the latest filed accounts ended 31 December 2022, total sales rose 35.2% to £19.2m from £14.2m in 2021, further adding to its growth of 19.3% from £11.9m in 2020.

Pre-tax profit resulted at £560,000, marking a return to profitability when compared to its loss of £844,000 recorded the previous year.

Stated within its report, the company said that 2022 saw a return to pre-pandemic levels of business with the growth in revenue driven by a strengthening pipeline of work with fewer delays to projects.

Deanestor’s pipeline of projects currently stands at £26m, up from 25.2m against the previous year. “We expect to see further growth with increased turnover in 2023 and onwards,” the company added. “2023 Q1 and Q2 turnover stands at £10.3m with a forecast of £21.7m.”

Mansfield-based Deanestor has recently been awarded its 16th contract for Morrison Construction to fitout a new primary school and community hub in Aberdeen.

The new project involves the provision of around 6,000 items of loose and fitted furniture for Greyhope School and Community Hub. This follows the successful completion of Countesswells Primary School – Deanestor’s latest school fitout to be delivered for the same project team.

Both projects are for Aberdeen City Council, and are with main contractor Morrison and delivery authority Hub North Scotland. The architects are Halliday Fraser Munro.

Deanestor fitted out 74 rooms across the two-storey school, providing nearly 5,000 items of fitted and loose furniture. These included curved shelving, bag and shoe storage, learning walls, changing benches, seating, and storage solutions.

Michael Black, Construction Manager at Morrison Construction, said: “Deanestor contributed to a very successful project at Countesswells. This new two-stream school was handed over defect-free four weeks early, which is a considerable achievement.

“The fitout went very well – from the technical drawings produced by Deanestor at the early stages to the high standard of workmanship in the factory and on site. They are part of our established supply chain, and we are looking forward to working with their team on the Greyhope School project, which is now underway.”

Martin Greig, Councillor and Education and Children’s Services Convener at Aberdeen City Council, said: “Deanestor has a great willingness to work collaboratively with us to inform the design process from both a cost-centred perspective and to ensure the required technical performance. Their team’s use of 3D technology, participation in workshops, and flexible approach allow us to fine tune the specification of the furniture very easily to meet our stakeholders’ requirements. The furniture is robust and will be easy to maintain.”

“At Countesswells, we chose neutral colours for the walls and flooring, and grey, white, and grey wood-effect finishes for the fitted furniture to create a calming environment. Bright pops of colour are then highlighted to enliven the spaces and create identities for different zones and year groups. These colours provide an element of fun and are picked out in some of the fittings. Following the success of this project, Greyhope School will follow an identical design theme.”

Ramsay McDonald, Managing Director for Deanestor in Scotland said, “We are delighted to be working on another school project with this award-winning construction team. It will create a truly inspirational learning environment for local children and invaluable community facilities. Our team did a fantastic job of delivering our contract and contributing to the early handover.”

Deanestor’s contract at Greyhope School is for the fitted furniture for 117 rooms which will be finished in graphite grey and white, and loose items supplied in a palette of bright colours – lime green, yellow, powder blue, parrot green and tangerine. Items manufactured by Deanestor will include a trophy cabinet, tilt-top tables, worktops, desks, storage solutions, lockers, and teaching walls.

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