Rising sales fuels investment at TIMco
FAMILY-owned business TIMco, the country’s largest independent supplier of screws and fixings, has reported an 18% increase in turnover to £16.1m.
The Cheshire company said its growth during 2013 had allowed it to investment in hiring new staff and also to build a new warehouse at a cost of £800,000.
The improved 21,000 sq ft warehouse in Nantwich allows the business to extend its product range to more than 3,500 different lines. TIMco has also investing in a new labelling and packaging facility as well as two new quality control departments in the UK and Taiwan.
It has also recently launched new websites, for the UK and Irish markets and hire five extra staff taking its workforce to 75.
Managing director Simon Midwood said: “We’re pleased to report such strong results in a competitive industry. We have worked hard as a team and are thrilled to be able to reinvest in the business ensuing we meet customer’s growing demands. Our new warehouse will allow us to provide an even better service to our customers and it’s great to be able to bring employment opportunities in the local area.”
TIMco is one of the UK’s leading importers and wholesale suppliers of screws, fastenings fixings, nails and power tool accessories. It takes its name from its founder, the late Tim Midwood, the father of Simon, who started the company in 1970.
