Modular firm Thurston bought out of administration

The £47m turnover agency referred to as in directors from Leonard Curtis on December 22 after 55 years in enterprise.

Leonard Curtis has been working with the group since final month on the lookout for a possible purchaser after a difficult interval for the enterprise.

The sale to manufacturing conglomerate GCH Company Ltd will shield 200 jobs.

Cassie Hutchings, CEO of GCH Company, stated: “Thurston is a revered UK producer of modular buildings with a powerful heritage and deep sector experience.

“As a long-term, privately owned industrial group, GCH is dedicated to stabilising and investing within the enterprise. We’re excited to welcome Thurston into the GCH household and stay up for supporting its subsequent section of progress.”

Administrator Hilary Pascoe added: “We’re delighted to have accomplished a sale and want the brand new house owners each success.”