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.