Thompsons of Prudhoe doubles profit and looks to recruit

The Northumberland firm won a national award last year, and the firm has now been shortlisted for another four.

A demolition crew from Thompsons of Prudhoe on site at the second Tyne Tunnel
A demolition crew from Thompsons of Prudhoe on site at the second Tyne Tunnel

Thompsons of Prudhoe is poised to recruit this year after a successful year saw the group more than double its profits.

The Northumberland group – specialists in waste disposal, recycling, construction, demolition and quarrying – has published its accounts for the year ended March 31 2014, which show pre-tax profits increased from £308,094 to £756,758, on sales of £27.4m, which had also risen by 17%.

First established as an agricultural merchant after the Second World War, the family-run firm has been involved in a number of key contracts in the accounts period, and the firm hopes a healthy forward order book will this year lead to more growth.

Managing director John Thompson Jnr said the company has positioned itself well to handle the demands of the upturn in business.

The rise in business last year saw headcount rise from an average of 246 to 254, and more staff are expected to swell the ranks this coming year.

The directors said they have considered their current resources and supplemented them with orders for new machinery – a move which continues to put the firm in a strong position to compete for future contracts.

Last March the company scooped the Demolition Specialist of the Year accolade at the 2014 Construction News Awards for its work at King’s House, Forth Banks, a national win the directors said was a real fillip for the staff.

This year the firm hopes to add to the trophy cabinet after being shortlisted for four awards.

Mr Thompson said: “The figures reflect an excellent year for us after several tough years and it is also indicative of the growing positivity in the construction industry as a whole.

“Last year we won Demolition Specialist of the Year at the leading national construction industry awards, and this year we’ve been shortlisted for four more national awards.

“Just to be shortlisted is a great honour for the company and we feel proud to be able to fly the flag for the North East at a national level.

“We’re obviously very pleased and couldn’t have done this without our workforce, and the directors who held their nerve through the tougher times.

“The award nominations come as a reflection of the investment made in machines and training and above all, the times we have been invited back to price new work because we do such a good job.”

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