Jobs Secured: Thurston Group Acquired Out of Administration, Safeguarding Over 200 Roles

Wakefield-based modular building manufacturer, Thurston Group, has been successfully acquired out of administration, securing the future of over 200 jobs. The deal, finalised on December 23rd, 2025, sees the company purchased by privately owned industrial firm GCH Corporation Ltd, preventing significant redundancies.

Key Takeaways

Over 200 jobs saved at Thurston Group.
GCH Corporation Ltd has acquired the modular building specialist.
Thurston Group faced “several business challenges” leading to administration.
The new owners are committed to stabilising and investing in the business.

Administration and Acquisition

Thurston Group, a manufacturer of modular and offsite buildings for sectors including healthcare, education, commercial, and industrial, had filed a notice to appoint administrators in late November 2025. The company, which employed 275 people at the time, appointed restructuring specialists Leonard Curtis to manage the administration process and identify a potential buyer. The sale to GCH Corporation Ltd was completed swiftly, with administrators confirming that the deal successfully protected over 200 jobs, although some redundancies were unavoidable.

New Ownership and Future Outlook

GCH Corporation Ltd, a London-based industrial manufacturing and distribution firm, acquired Thurston Group for an undisclosed sum. Cassie Hutchings, CEO of GCH Corporation, expressed enthusiasm for the acquisition, stating, “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.”

Business Challenges and Strategic Position

Thurston Group’s most recent annual results, for the year ending October 31, 2024, showed a revenue of £46.5m and a pre-tax profit of £2.5m. However, the company had warned of “numerous external pressures” impacting the construction industry, including decreased client spending, cost inflation, and labour shortages. Despite these challenges, Thurston Group holds positions on several significant public-sector frameworks, such as LHC Procurement Group’s £265m modular buildings framework and the £3bn Major Works Education Framework in London. The company had also made strategic acquisitions in the past year, including Storplan Racking Ltd and Alsim System Building, and had set ambitious turnover targets for 2027.