Growth for Naylor Industries following investment programme
Construction materials manufacturer Naylor Industries has reported a rise in annual turnover after completing a major capital investment programme.
Sales from continuing activities grew by 13 per cent to £55.3m in the year ending 28 February 2019 as new premises and equipment became fully operational.
Operating profits increased to £2.4m from £440,000 the previous year.
Naylor is a fourth-generation family business with five manufacturing sites across the UK, including three in the Barnsley area. The company manufactures clay and plastic pipes, as well as concrete products, and employs 400 people.
In recent years, has made investments in plant and premises, including the acquisition of two new freehold sites in Barugh Green and Wombwell and the construction of a £5.5m plant for manufacturing large diameter plastic drainage, underpinning its growth growth.
Edward Naylor, chief executive, said: "2018/19 was a year of good progress. We finished commissioning our new premises and plant and the results benefited from a reduced level of disruption and a greater focus on business development."