Leading modular space solutions provider McAvoy has reported a significant increase in revenue to just over £75 million, with EBITDA growing to £9.3 million in the 2023/24 financial year.

The business, which is one of the UK and Ireland’s market leading providers of high-quality temporary and permanent modular buildings, attributes the positive 2023/24 financial year to a strong performance within its rental division, as well as increased sales in the period for its flexible space solutions.

Key projects contributing to this success include:

• Securing a further rental contract to meet a capacity expansion project for a multi-academy trust supporting 1,600 pupils in South West England.
• Completion of Orsett Heath Academy in Essex, McAvoy’s largest project to date, providing space for 1,200 pupils. The project was delivered for the Department for Education (DfE) through the Mod C framework.
• Appointment to the Defence Infrastructure Organisation’s £2bn SLA programmatic approach framework via a joint venture with Kier.
• Continued success in healthcare, including a new mental health facility in Yorkshire and repeat projects for the Queen Elizabeth Hospital King’s Lynn NHS Foundation Trust.

Ron Clarke, CEO at McAvoy, said: “We are pleased to report a strong performance across the

McAvoy Group, which reflects growing demand for our premium solutions in the UK and Ireland. With the continued support of our shareholders, we are strongly positioned to deliver modern, flexible, and sustainable buildings across the education, healthcare, commercial and pharma sectors. We anticipate significant growth in the modular market as demand increases for cost effective sustainable buildings that are flexible, quick to deploy and cost effective.”

Looking ahead, McAvoy plans to drive continued growth through further investments in rental fleet expansion, manufacturing capability, with an emphasis on efficiency and cost optimisation. This will be supported by the deployment of innovative AI, AR and VR technologies, and a focus on workplace safety and people development.

For more information on McAvoy Group, please visit: www.mcavoygroup.com