More than 200 jobs saved as modular manufacturer bought out of administration
Modular manufacturing specialist, Thurston Group, has been acquired out of administration in a deal which has protected over 200 jobs.
The group had posted a notice of intention to appoint an administrator late last month. Hilary Pascoe, Andrew Poxon and Mike Dillon from Leonard Curtis were appointed joint administrators of Thurston Holdings Ltd, Thurston Group Estates Ltd and Thurston Group Ltd.
Thurston was a maker of modular and offsite buildings for sectors such as healthcare, education, commercial and industrial.
The main trading business, Thurston Group, was established in December 1970 and operated from three manufacturing sites with the head office based in Wakefield. It employed 275 people.
The group achieved a turnover of about £47m to the year ending 1 November 2024 with an associated profit of around £4.1m.
Leonard Curtis was formally instructed in November 2025 to conduct an accelerated mergers and acquisitions (AMA) process to identify a purchaser for the group. A sale was negotiated with GCH Corporation Ltd which concluded yesterday (22 December).
GCH Corporation Ltd is a privately owned group of companies operating in the industrial manufacturing and distribution sector.
Cassie Hutchings, CEO of GCH Corporation, said she was pleased to confirm the acquisition of Thurston Group out of administration, securing the future of the business.
She commented: “Thurston is a respected UK manufacturer of modular buildings with a strong heritage and deep sector expertise.
“As a long-term, privately owned industrial group, GCH is committed to stabilising and investing in the business.
“We are excited to welcome Thurston into the GCH family and look forward to supporting its next phase of growth.”
Administrator, Hilary Pascoe, added: “We are pleased to have completed a sale and wish the new owners every success.”
Shoosmiths as solicitors and Gordon Brothers as agents acted for the administrator in the process. Squire Patton Boggs as legal advisers, Teneo, financial advisers and Hilco, valuation partners, acted for the purchaser.
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