M-AR has completed the purchase of its existing manufacturing facility in Hull to strengthen its position and ensure it can keep pace with current demand as well as prepare for future growth in the offsite construction sector.
M-AR is currently embarking on a significant programme of growth underpinned by continuous re-investment into the business, including purchasing new equipment, hiring more staff and undertaking innovative training programmes.
The recent purchase of its dedicated 100,000 sq ft manufacturing facility, which is valued at £3 million and can produce around 400 modules per year, is a key part of this plan.
The move from leased to purchased facilities, as well as bolstering its asset book, gives M-AR total control over its premises, enabling its team to make any necessary adjustments to the layout to better suit processes and bring greater production efficiencies.
Plans are already underway to increase the factory’s usable production space as demand is forecasted to continue to increase going forward.
This move also marks M-AR’s commitment to, and investment in, its home city of Hull, where it has been based since 2007.
Ryan Geldard, director at M-AR, said: “This is another major step for us as part of our ambitious five-year growth plan. As well as giving us complete control over our own manufacturing facilities going forward, it gives our staff and clients reassurance that we see further growth opportunities in the offsite construction market.
“This is another positive chapter for us which demonstrates both our long-term commitment to the industry as well as to our local community of Hull. This investment puts us in a strong position for project delivery as we look ahead to 2023.”
