One of Wales’ fast growing construction companies, Morganstone, has invested £400,000 in new machinery and vans for its civil engineering division, to support the firm’s continued rapid growth.
Established in 2008, Morganstone was last year placed second on the renowned Fast Growth 50 index of the fastest companies in Wales. The company, which is headquartered in Llanelli, delivers developments for public sector organisations, private developers and residential landlords – frequently with not-for-profit social care providers – across Wales and the South of England.
The latest investment into new equipment takes Morganstone’s van fleet up to 46 vehicles and also includes a new JCB telehandler, JCB swivel dumpers and Hitachi excavators which are already seeing action across the company’s current development sites across Carmarthenshire, Pembrokeshire, Newport, Rhondda Cynon Taff, Cardiff and Swansea.
Morganstone’s Managing Director, Ian Morgan, says:
“The last couple of years have seen a period of sustained growth for Morganstone and we are immensely proud of the work we are carrying out to deliver high quality developments in the residential, commercial, care and education sectors. One of our highest priorities is to constantly invest in the business to ensure this continued growth.
Morganstone’s turnover is expected to reach £25 million this year thanks to a number of large contracts within the care, extra care, health and education sectors. The company now employs over 100 people.