NuGen Properties

Strong growth for Merit

Strong growth for Merit


Merit built the UK’s first CAR-T cell manufacturing facility has been completed for Autolus Therapeutics in Stevenage

For the year ending 30th June 2022, Merit made a pre-tax profit of £4.0m (2021: £1.0m) on turnover of £63.7m (2021: £41.8m) on the back of a string of major project wins and completions and the use of its proprietary platform design.

During the financial year, Merit completed the UK’s first Messenger RNA vaccine manufacturing facility for CPI in Darlington, which was handed over in 30 weeks.

Work has also completed on the first phase of the UK’s first CAR T-cell and gene therapy manufacturing facility based in Stevenage for Autolus Theraputics. This was a £66m development which utilised Merit’s Flexi Pod, a hybrid system suitable for complex high technology facilities. It comprised aspects of modern methods of construction for the shell and core, and an offsite manufactured fit-out that was facilitated through a pre-assembled module (PAM) and pod strategy.

Work also started on the £45m expansion project for Piramal’s antibody drug conjugate manufacturing facility at Grangemouth.

As previously reported, Merit is also is building an additional 4,000 sqm of double-height factory space at its base in Cramlington, Northumberland. extending its total factory space to more than 29,000 sqm. The extension will provide capability to assemble products up to three-storeys high, enabling pre-commissioning before delivery and for clients to see their facilities before installation.

Merit also reports improved  productivity, with output per employee rising from £247,000  to £275,000 during the year.

Chief executive and majority shareholder Tony Wells said: “These results show that the business is now beyond a proof-of-concept stage and is delivering sustainable and profitable growth. Our approach and products are being chosen to deliver significant UK projects faster, more efficiently and more sustainably than traditional building methods.

 “We are confident of maintaining our current growth path and winning further strategically important projects, as we continue to refine our products with a clear focus on innovation and automation. We’re investing in people, apprentices, technology, and factories, to underpin future demand. We are also helping inward investment back to the UK where life science companies are choosing us over overseas competitors.”

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Nugen Properties

Customer Reviews

Dan Morten 18/01/22

Google
Easy to work with, Jordan and the team were professional and were easy to communicate with.
Would highly recommend.

Di Hayes 20/08/22

Google
NuGen Properties built an extension to the rear of my property, replacing the old conservatory. I am so pleased I chose this company. From the initial quotation, through the build and after they were professional, polite & well mannered. They kept the site tidy throughout the build and kept me informed of each stage as it happened. The work was finished to a good standard and I have had nothing but compliments on their work. I am already planning for them to come back and do some more work for me in a few months. I would 100% recommend them.

Bradley Eyles 20/06/23

Google
Nugen were fantastic throughout the works they carried out on my property, Jordan provided constant updates and ensure any questions I had were always answered. All works were completed in a timely fashion, on budget and exceptional customer service. Highly recommend!

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Google
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Google
Great firm to communicate with fast and good quality work.