Grangemouth contractor announces highest ever end of year figures.
Masterton is on course to achieve a turnover of £16 million by the end of 2012 – a significant increase on last year’s turnover of £10 million.
The announcement follows a period of major investment and restructuring for the Scottish company which handles large scale decommissioning projects for clients both in the UK and across the world.
The restructuring programme has seen the appointment of a new managing director, Steve Forster, formerly of Keltbray, and the creation of 12 new managerial positions. Together these will allow the company to further its expansion into new specialist sectors such as city centre and international demolition. In addition, Masterton has invested £1 million in new plant as part of the company’s on-going commitment to securing the latest and safest technology.
The investment programme has helped Masterton gain a number of prestigious new contracts over the last 12 months. These include a further large scale project with client of 29 years Ineos Grangemouth. Masterton is currently deconstructing four redundant 330 tonne capacity crude oil storage tanks, 44m in diameter and 10m high, for its longest standing client and neighbour.
Other new contracts include:
· a £1.3 asbestos removal project for Ineos ChlorVinyls at Runcorn
· a £600,000 contract to remove asbestos from Rolls Royce’s aeroplane engine factory in East Kilbride.
· Rack dismantling and asbestos removal at Diageo’s Glenochil bonded whisky warehouse in Menstrie, Clackmannanshire.
Masterton’s impressive expansion programme was supported with a move to a new 16-acre site in Grangemouth earlier this year, providing much need additional capacity for its fleet maintenance, recycling and waste transfer operations. With sustainably being a high priority for the company, the new purpose-built headquarters has been specially designed to help Masterton further enhance its environmental credentials. The company already recycles 99% of waste materials arising from its decommissioning activities and is now able to heat the company’s premises by burning waste wood in the headquarters’ biomass boiler.
The new site is home to over 30 staff, including 20 Masterton employees plus 12 personnel from Masterton’s parent company – Blackwell. A further 80 staff are employed in the field. Meanwhile to fulfil demand from its overseas clients, Masterton has established a new global division – Blackwell Masterton International (BMI) – which provides the same expertise and quality of service that Masterton has become known for in the UK but supported by locally managed offices and local labour.
As Masterton nears the end of its current financial year, the company’s sights are set firmly on the future with further expansion planned and a projected turnover of £25 million for 2013.
