Pre-tax profits for the year to June 30 2023 were also up to £7.6m from £4.3m last time.

The firm operates from one of the largest construction manufacturing facilities in the UK at 263,000 sq ft.

Its key sectors include healthcare, bioscience and pharmaceutical, semiconductor, aerospace and battery tech.

Tony Wells, CEO at Merit, said: “We are thrilled to report another year of positive financial results, which continues our long-term strategy for growth.

“The results are testament to our commitment to excellence and innovation as we favour an automated and digital-led approach, which delivers complex high-quality buildings, three times faster than traditional solutions.

“Our product platform designs are proving to deliver real, tangible growth, and are built to enhanced quality standards compared to traditional construction whilst also promising better performance, quality, reliability and 60yr longevity. Net Zero also remains a key driver for us and is a focus of significant R&D investment in 2024.”

“Our parametric cost modelling enables real time cost feedback during design development to deliver affordable fixed price cost certainty – unique in construction.”

Recent projects include Berwick’s new £35m community hospital, Solihull Hospital’s new Elective Hub (Operating Theatre Block) and a new build sterilisation services and decontamination supercentre for Northumbria Healthcare NHS Foundation Trust.