Merit, the UK's leading industrialised construction and digital manufacturing specialist, is proud to announce a significant investment in research and development (R&D), machinery and automation technology, as part of its ambitious growth strategy. This move is underscored by robust financial results for the financial year ending June 30, 2024, with total revenues reaching £79,758,079 and Pre-Tax Profit of £5,774,209.
Utilising its highly advanced offsite construction capabilities, Merit manufactures technically complex buildings in a third of the time compared to traditional methods. The company’s in-house methods enable it to deliver facilities with a Pre-Manufactured Value (PMV) of 75%-95%. This innovative approach allows Merit to provide fixed-cost, sustainable, high-quality, bespoke-specification buildings to clients on time and within budget.
Merit’s unwavering commitment to innovation is evidenced by an investment of nearly £8million in new intellectual property for the financial year. This strategic focus on R&D is aimed at continuously optimising and refining Merit’s product offerings, ensuring the company remains at the forefront of technological advancements within the digital manufacturing sector.
In addition to bolstering its R&D efforts, Merit has implemented a comprehensive programme of heavy investment to enhance its manufacturing capabilities. These advancements not only promote greater efficiencies but also significantly reduce manufacturing timelines, positioning Merit as a competitive force in the industry.
Among the new products driving Merit’s growth are:
- UltraPOD® SFS Variant: This newly launched product addresses urgent healthcare facility demands. Utilising Merit's latest roll former and panel line production system, the UltraPOD® SFS Variant enhances affordability and accessibility through a significantly reduced delivery programme.
- LID PAM: Merit has developed the LIDPAM product to deliver a robust, waterproof interface between roofing systems and internal structures. The system enables Merit’s team to offsite manufacture service interconnections from roof top plant to the building below and provides an effective solution for capping penetrations.
- Fire Transition PAM: Developed as a solution through Merit's WallPAM - an offsite internal wall partition system - this fully sealed product addresses multiservice fire penetrations across various systems, including cables, ductwork, fire dampers and pipework. The TransitionPAM emphasises Merit’s commitment to safety and compliance in building methods.
- Merit Spark: The launch of the new Merit Spark website signifies a significant advancement in digital accessibility. This platform allows team members to view project BIM models on any device and browser. This innovation not only enhances flexibility and usability across diverse work environments but also improves overall project understanding and productivity.
- QA Tracker App: Merit successfully launched a new QA Tracker application, aimed at digitising factory snag list processes through seamless integration with BIM360. This milestone marks a major step forward in the ongoing digital transformation of the company’s quality assurance operations.
Merit’s investment in these advanced technologies is a testament to its dedication to enhancing production capabilities while staying ahead of market demands. The company's strong financial results, driven by major project wins and completions across sectors such as healthcare and life sciences, reflect its resilience and continued focus on growth and productivity.
As Merit looks ahead, the company remains committed to innovation, sustainability and efficiency – principles that have guided its operations and strategies. The company’s ongoing investments in automation and advanced technology integration are set to define the future of industrialised construction in the UK.
