DEANESTOR, a contract furniture and fit-out specialist with operations in Dunfermline, has announced a 12.5% increase in turnover to £18 million in the last financial year.
The company said it has generated a ‘healthy return’ for shareholders.
Originally established in 1948 to manufacture hospital furniture for the NHS, Deanestor now operates in a range of sectors including education, student accommodation and build-to-rent residential schemes. Its Scottish business, based in Fife, is particularly prominent in the education sector.
William Tonkinson, MD of Deanestor, said, “We have continued to increase market share year-on-year for our furniture and fitout business and the 2019 financial year was no exception. Factors such as our acquisition of the Havelock brands and our growth in Scotland have combined to generate a very positive rise in sales in the past year.
“This strong financial position has given us a very solid foundation to manage the challenges of the Covid-19 pandemic. Our factory remained fully operational throughout the lockdown earlier this year and our teams across the business embraced the new ways of working very positively to avoid any disruption to our customers. We were also pleased to support the NHS working on several Covid-19 emergency hospital projects and accelerated completions of a number of healthcare schemes to increase patient capacity.
“The outlook remains positive. Sales enquiries are at a healthy level and increased in the last six months across all sectors. We have a strong order book with a number of projects already in contract for delivery in 2021.”