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Administrators complete sale of Wakefield-based Thurston Group Limited
Hilary Pascoe, Andrew Poxon and Mike Dillon from Leonard Curtis were appointed as Joint Administrators of Thurston Holdings Limited, Thurston Group Estates Limited and Thurston Group Limited yesterday (22nd December 2025).
Thurston is a long-standing manufacturer of modular and offsite buildings for sectors such as healthcare, education, commercial and industrial.
The main trading business, Thurston Group Limited, was established in December 1970 and operated from three manufacturing sites with the head office based in Wakefield. The Group employed 275 people.
The Group achieved a turnover of c£47m to year ending 1st November 2024 with an associated profit of c£4.1m.
Following several business challenges Leonard Curtis was formally instructed in November 2025 to conduct an accelerated mergers and acquisitions (AMA) process to identify a purchaser for the Group.
Following an extensive AMA process which attracted considerable interest in the business, a sale was negotiated with GCH Corporation Ltd which concluded on 22nd December 2025.
GCH Corporation Ltd is a privately owned group of companies operating in the industrial manufacturing and distribution sector.
The deal has successfully protected over 200 jobs.
Cassie Hutchings, CEO of GCH Corporation said she was pleased to confirm the acquisition of Thurston Group out of administration, securing the future of the business and protecting jobs.
She commented: “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.”
Administrator Hilary Pascoe commented: “We are delighted to have completed a sale and wish the new owners every success.”
Shoosmiths as solicitors and Gordon Brothers as agents acted for the Administrator in the process.
Squire Patton Boggs as legal advisers, Teneo, financial advisers and Hilco, valuation partners, acted for the purchaser.
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