A Highbridge bathroom pod manufacturer has reported a 73 per cent increase in pre-tax profits in its latest accounts.
Offsite Solutions is part of a family-owned group of companies which includes specialist furniture manufacturer, Deanestor.
In the year to 31 December 2019 the business made a £1.6m pre-tax profit, up from £899,879 in the previous year on turnover of £33.3m.
The results were said to have put Offsite Solutions in a stronger position to minimise the impact of the current pandemic.
All its factories remained open throughout the coronavirus lockdowns this year, operating with Covid-secure processes and procedures in place and at reduced levels as a number of construction projects were delayed.
Enquiries remain at a high level and have grown month-on-month throughout the pandemic. The quote bank is now valued at a record £325m.
Managing director James Stephens said: "More contractors and developers are now recognising that it is much easier to meet social distancing requirements in a carefully controlled factory environment than on a building site, particularly for work in such confined spaces such as bathrooms.
"The outlook remains positive for our business, despite the economic uncertainties and challenges around Brexit and Coronavirus. We anticipate a significant increase in turnover from the end of the second quarter of 2021. We have a strong financial base and high levels of repeat business from both contractors and developers, which exceed 80 per cent and this has definitely helped us minimise the impact of the pandemic."
In 2019, the number of pods manufactured by Offsite Solutions grew to more than 9,400. Last year also saw the acquisition of Taylor and Kilduff, a steel fabrication business. This brought the manufacture of base frames for steel-framed pods inhouse.
