Deanestor reports rise in turnover and order intake

Deanestor factory

DUNFERMLINE-based furniture and fit-out specialist Deanestor has reported a £3 million rise in turnover to £22.4 million and a record order intake of over £30 million.

Figures for the year ending December 2023 revealed net assets have increased by £1.5 million.

Projects have been delivered and awarded across sectors including healthcare, education, student living and build-to-rent, for the manufacture and installation of fitted furniture, bespoke kitchens and specialist joinery.

In Scotland, the education sector has proved fruitful, and Deanestor’s current projects include its 13th furniture and fit-out contract for Robertson Construction – a £3.8 million contract for the new East End Community Campus in Dundee. Nearing completion is a £5 million project with BAM to fit out the two new high schools on the Dunfermline Learning Campus.

Ramsay McDonald, MD of Deanestor in Scotland, said, “This latest set of figures demonstrates strong and sustainable growth for the business across multiple sectors. We have an exceptionally healthy project pipeline and are anticipating an increase in turnover to £24m by the end of 2024.

“Our financial performance is testament to the hard work of our teams in Scotland and across the UK – from design and estimating to manufacturing and work on site – who help our clients achieve the balance between first class FF&E services, finishes of the highest quality and project delivery to the required budget and programme.

“Quality and longevity are vitally important for fitting out retained assets – from demanding secondary school environments to co-living apartments that require strong tenant appeal, long-term.”

In the build-to-rent sector, Deanestor has recently handed over a contract worth around £3 million for Robertson to manufacture and install 433 contemporary, bespoke kitchens and 599 wardrobe sets for a new £80 million neighbourhood at Holland Park in Glasgow developed by Moda.

The company has also secured hospital fit-out contracts totalling £4 million, the largest of which is a project for Integrated Health Projects (IHP) – a joint venture between VINCI and Sir Robert McAlpine, to fit out two 54-bed adult mental health facilities at Kingsway Hospital in Derby and in the grounds of Chesterfield Royal Hospital.