Mon, 29 Dec 2025 | BUSINESS SALE
Thurston Group, a longstanding manufacturer of modular and offsite buildings, has been acquired out of administration by GCH Corporation Limited in a pre-pack deal that successfully saves more than 200 jobs.
Thurston Group Limited, the main trading business of the group, was established in 1970. The group is headquartered in Wakefield and operates from three manufacturing sites with a staff of 275, manufacturing modular and offsite buildings for sectors including healthcare, education, industrial and commercial.
In the year to October 31 2024, the group reported turnover of £46.5 million and an operating profit of approximately £4 million. However, the company also faced a number of challenges, with its turnover and operating profit both having dropped from the previous year.
In the face of these struggles, the company formally instructed Leonard Curtis to conduct an accelerated M&A process in November 2025 in order to find a buyer for the group.
Hilary Pascoe, Andrew Poxon and Mike Dillon of Leonard Curtis were appointed as joint administrators of Thurston Holdings Limited, Thurston Group Estates Limited and Thurston Group Limited on December 22 2025, with the sale to GCH Corporation completing on the same day.
GCH Corporation is a privately owned group of companies operating in the industrial manufacturing and distribution sector.
Confirming the acquisition, GCH Corporation CEO Cassie Hutchings said: “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.”
In its most recent accounts, Thurston Group Limited’s fixed assets were valued at around £675,000 and current assets at approximately £43.1 million, while total equity amounted to marginally under £19.4 million.
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