Stewart Milne Timber Systems says it is on course to break £100m in revenues by 2021
The timber systems division of Stewart Milne Group is on course to meet its target of £100m in revenues by 2021 after doubling the size of the business during the last four years.
Turnover now stands at £65m and the company is predicting further robust growth amid growing demand for frame homes from private and local authority builders. Stewart Milne is the UK's largest provider of offsite construction solutions, which in Scotland are manufactured at its factory in Westhill, Aberdeen.
"Increasingly the Government and local authorities are looking to offsite construction to accelerate the building of high-quality, affordable new homes," said Alex Goodfellow, managing director of Stewart Milne Timber Systems.
"Engineered timber homes are not only manufactured from the world's most environmentally friendly construction material, but also significantly reduce build times on site, improve standards of build quality and reduce health and safety risks during construction."
The offsite manufacturing business employs 300 people at its two factories in Westhill and Witney, Oxfordshire. Together, they produce timber systems for 7,000 homes annually.
Approximately 90 per cent of all new homes in Scotland are built using offsite timber solutions. One in four - some 16,000 - are built with timber systems from the factory in Westhill.
"There's a growing acknowledgement of the many benefits of timber systems, and we have a proven track record across a number of sectors," Goodfellow added.
"New digital technologies like BIM (building information modelling) are the next frontier, which is why we've invested in developing the first-ever online BIM library in our sector, allowing architects and clients to specify projects within real-world parameters. We're in an excellent position to grow our market share over the next year."
The timber systems business is part of the larger Stewart Milne Group, which employs more than 800 people across its manufacturing and housebuilding operations.
Original link - Insider.co.uk