{"id":533612,"date":"2025-11-28T10:32:53","date_gmt":"2025-11-28T10:32:53","guid":{"rendered":"https:\/\/www.constructionnews.co.uk\/?p=533612"},"modified":"2025-11-28T10:32:53","modified_gmt":"2025-11-28T10:32:53","slug":"yorkshire-modular-firm-faces-administration","status":"publish","type":"post","link":"https:\/\/www.constructionnews.co.uk\/tech\/offsite-mmc\/yorkshire-modular-firm-faces-administration-28-11-2025\/","title":{"rendered":"Yorkshire modular firm faces administration"},"content":{"rendered":"

Wakefield-headquartered modular construction specialist Thurston Group Ltd, along with two related businesses, has filed a notice of intention to appoint an administrator.<\/p>\n

Thurston Group, Thurston Holdings Ltd and Thurston Group Estates Ltd \u2013 the ultimate parent company \u2013 each applied to appoint administrators yesterday (27 November) via law firm Addleshaw Goddard.<\/p>\n

Thurston was established in 1970, initially trading as BTH Trailers Ltd.<\/p>\n

It was acquired by private industrial investment company HLD Group in 2021 for \u00a316m.<\/p>\n

The firm currently holds places on public-sector programmes such as LHC Procurement Group\u2019s<\/a> \u00a3265m modular buildings framework, the \u00a33bn Major Works Education Framework<\/a> in London, and the \u00a3500m Modular Buildings 3 framework<\/a> from NHS Shared Business Services.<\/p>\n

The most recent accounts for Thurston Group Ltd \u2013 the main trading company in the group \u2013 showed a pre-tax profit of \u00a33.3m from turnover of \u00a346.5m for the year ended 31 October 2024.<\/p>\n

Directors said this was achieved despite \u201csignificant macroeconomic challenges\u201d such as lower client spending, delays in contract mobilisation on public sector projects, labour shortages and cost inflation.<\/p>\n

Thurston said it countered these issues by introducing \u201cadvanced procurement strategies, stronger contracting discipline and a renewed focus on long-term frameworks to mitigate volatility\u201d.<\/p>\n

The firm employed a monthly average of 308 staff.<\/p>\n

Net current assets totalled \u00a318.7m and the firm owed creditors \u00a324.4m repayable within a year, although none of this was external bank loan or overdraft debt.<\/p>\n

In January this year, Thurston Group acquired Storplan Racking Ltd for \u00a3800,000, describing the move as \u201ca strategic investment to support the group\u2019s continued growth and development\u201d.<\/p>\n

This was followed in May<\/a> by the acquisition of Alsim System Building, a collapsed manufacturer of temporary living and secure accommodation units, for an undisclosed sum.<\/p>\n

As recently as June, Thurston said it was targeting turnover of \u00a3104m by 2027, driven by \u201cdigital transformation\u201d that included a partnership with software-as-a-service firm WrxFlo.<\/p>\n

At the time, managing director Matt Goff said the partnership had unlocked \u201castounding\u201d process standardisation and operational efficiency gains.<\/p>\n

A series of offsite specialists have gone out of business in recent years, following companies including Ilke Homes, Modulous, Mid Group, Eco Modular Buildings and Caledonian Modular.<\/p>\n

Antrim-based Jans Offsite Solutions\u00a0went under in May<\/a>, and Scottish affordable housing specialist Connect Modular\u00a0appointed administrators in January<\/a>.\u00a0Derby-based TopHat plunged more than \u00a350m into the red in the year to 31 October 2023 and\u00a0ceased trading before the end of 2024, citing \u201cchallenging\u201d market conditions.<\/a><\/p>\n

Elsewhere, L&G\u00a0wound down its offsite business in 2023<\/a>\u00a0after years of heavy losses and modular specialist Urban Splash House\u00a0entered administration in May 2022<\/a>, blaming operating issues at its factory in Derbyshire.<\/p>\n

Most recently, Northumberland-based Merit ceased trading after entering administration in mid-November<\/a>.<\/p>\n

Construction News <\/em>contacted Thurston and its media representatives for further information.<\/p>\n","protected":false},"excerpt":{"rendered":"

Wakefield-headquartered modular construction specialist Thurston Group Ltd, along with two related businesses, has filed a notice of intention to appoint an administrator. Thurston Group, Thurston Holdings Ltd and Thurston Group Estates Ltd \u2013 the ultimate parent company \u2013 each applied to appoint administrators yesterday (27 November) via law firm Addleshaw Goddard. Thurston was established in …<\/p>\n","protected":false},"author":135716,"featured_media":513950,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ep_exclude_from_search":false,"footnotes":""},"categories":[554,39315],"tags":[],"class_list":["post-533612","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-administrations","category-offsite-mmc"],"yoast_head":"\nYorkshire modular firm faces administration | Construction News<\/title>\n<meta name=\"description\" content=\"Wakefield-headquartered modular construction specialist Thurston Group Ltd, along with two related businesses, has filed a notice of intention to appoint\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.constructionnews.co.uk\/tech\/offsite-mmc\/yorkshire-modular-firm-faces-administration-28-11-2025\/\" 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