WASTE disposal, recycling, construction, demolition and quarrying group Thompsons of Prudhoe is back in the black.
The Northumberland group’s turnover rose by 4.5% to £25m in the year to the end of March, according to results just published to Companies House.
And the business made a profit of £626,000 after making a loss of £33,198 the previous year.
The family-owned business Thompons acquired the trade and assets from skip hire companies Barney Rubble and Corbetts Skip Hire at the end of its 2010 financial year, but it decided to discontinue its loss-making skip hire business in 2011.
In a statement accompany its accounts, the firm said: “Overall, given the challenging trading conditions and the current economic environment, the directors are satisfied with the results for the year and the year-end balance-sheet position.
“The directors feel the company is in a strong position.”
Thompsons, which started after the Second World War as an agricultural merchant, is still run by the founding family. John Thompson Snr, the firm’s chairman, is the son of founder William Thompson.
His son John and daughter Helen also sit on the company’s board. The company now operates four quarries, four waste disposal sites and three recycling centres, plus a fleet of around 100 vehicles.