Offsite firm targets £450m turnover despite drop in profit and turnover

By Daniel Gayne2025-04-09T11:04:00

Source: Merit

Merit announces significant investment for growth in latest accounts

Offsite construction firm Merit is targeting annual turnover of £450m on the back of investments in R&D and production capacity, despite drops in profit and turnover last year.

The Northumberland-based firm’s results for the year to 30 June 2024 showed that pre-tax profit had dropped from £7.64m to £5.77m, while income stood at £79.8m, down from £88.5m.

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