Premier Forest rescues National Timber Systems from administration

Newport-based Premier Forest purchased NTS from directors following the collapse of Nationwide Timber Group England in late November.

The deal safeguards 160 jobs throughout NTS, with Premier Forest aiming to develop the workforce to round 250 because it appears to be like to increase capability and product innovation.

NTS provides nationwide and regional home builders alongside the development and modular sectors, with a variety of engineered timber merchandise together with  panelised roof system, roof trusses, engineered joists and specialist roof and ground cassette options.

Co-founder and chief govt Terry Edgell mentioned: “With our strategic expertise in timber and long-term monetary stability, we see Nationwide Timber Programs as a wonderful match for Premier Forest.

“NTS aligns with and enhances our current Mon Timber Engineering supply inside the Premier group, and broadens our engineered timber options for purchasers throughout the nation.

The transaction covers NTS operations in Bristol, Newcastle and Catterick and follows Premier Forest’s latest buy of the Arnold Laver websites in Manchester and Studying from the directors of Nationwide Timber Group England.

The collapse of Nationwide Timber Group England despatched shockwaves via the sector two months in the past. The Sheffield-based provider, based in 1920 by Arnold Laver, employed greater than 1,000 workers and operated a nationwide community underneath manufacturers together with Arnold Laver, Nationwide Timber Programs, SV Timber and NORclad.

Newest accounts confirmed the England division turning over practically £200m in 2023 however posting pre-tax losses of £6.3m.