Masterton shows solid growth
By Lindsay Gale06 November 2012
UK decommissioning specialist Masterton has announced solid growth over 2012 and has attained several milestones during the period. These include the successful gaining of a number of high-level contracts, a move to a new headquarters that will enhance its capabilities and its largest ever turnover figure for the year.
The company says it will achieve a growth in income of 37.5% at £16 million (US$25.6 million), up from last year’s figure of £10 million (US$16 million), and projects that this will increase further to £25 million (US$40 million) in 2013.
The company has also seen a major restructuring that has seen the arrival of a new managing director, Steve Forster, who used to be with Keltbray, and the addition of 12 new managerial posts – this will allow expansion in new specialist sectors such as urban and international demolition projects.
Earlier this year, Masterton opened a new HQ on a 16 acre site in Grangemouth that provides additional capacity for fleet maintenance, recycling and waste transfer operations. According to the company, a recycling rate of 99% is routinely achieved, and the new site will see the HQ heating supplied by the burning of waste timber in a biomass boiler.