OREGON MAKES STEADY PROGRESS IN 2013

Leading independent timber frame company Oregon Timber Frame Ltd has released its trading results for the year to 31st December 2013.

Turnover increased by 5% to £13.9m and group profit before tax was £627,000. This compares with the previous year’s profit of £792,000.

During the year the company built and equipped an 18,000ft2 factory in Selkirk, in anticipation of increased workload as the country emerged from recession and the housing market recovered. Oregon now also supplies engineered joists for assembly into flooring systems. The new facility, together with the company’s Burton factory, represents a 50% increase in manufacturing capacity.

Chairman Roderick Lawson commented:

“The Company has continued to invest in its capacity to service customers as the housing market responds to the government’s financial stimulus and the Help to Buy scheme. There remains a large unfulfilled need for new housing and Oregon is well positioned to provide off-site manufactured systems to the industry in the coming years.”

The average number of employees in 2013 was 82 and the Company currently employs over 100 staff to deal with its expanding order book.