Aerospace supplier on track for record turnover

Ian Rolinson and Steve Rolinson of Erodex UK

Aerospace supplier Erodex UK has reported record levels of turnover with the company set to hit the £20m mark for the first time.

Overall turnover increased by £2m to £19.3m during the last financial year, including strong growth within the machining / EDM sundries division and a 46% rise in turnover within the tooling division, Erodex Tooling Solutions.

Following a strong start to 2019, the Halesowen-based company is now set to surpass total sales of £20m.

Erodex has continued to benefit from a strong and growing reputation within the global aerospace industry. Notably within the context of a post Brexit Britain, a large proportion of new business has been won outside of the EU, including countries such as Israel, USA and Mexico.

Director Steve Rolinson comments: “We operate in a mature industry, so achieving the level of growth that we continue to achieve is testament to our people, the expertise that we have within the group and our constant efforts to innovate. Export sales have increased significantly, our US operation continues to grow year on year and we have secured a further three customers in Mexico for tooling and EDM electrode work.

“Within the UK, the 46% growth in our tooling division follows on from the success of previous years and our decision to invest in our own toolrooms as well as dedicated tooling inspection facilities. In addition to designing the optimum electrode, electrode holder and workpiece holder, Erodex Tooling Solutions design and manufacture the whole package, all with a single point of contact. This is unique in our market and we continue to see more and more customers buying into this mindset because of cost and time savings.”

Within the period the company has made investments totalling £1.2m and also surpassed a total head count of 100 members of staff.

Erodex added 15 staff to reach a total of 109 within its workforce.

Rolinson added: “In total we have spent around £1.2m on capital equipment over the past 12 months. Around £900,000 of this was spent on upgrading plant, IT infrastructure and machinery, such as machining centres, grinding machines and Mitutoyo equipment as part of the continual improvement of our quality assurance process. Such investments go hand in hand with our focus on employing and investing in the best people, as part of our long-term growth strategy.”

 

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