Manufacturer invests over £500,000 in head office acquisition and expansion

Electronics manufacturer Contract Production has acquired its current head office and production facilities in Pickering, and expanded into a third adjoining unit.

The company’s shareholders have invested over £500,000 in acquiring 9,600 sq ft, spread across three adjoining units on the Thornton Road Industrial estate.

Contract Production had been leasing two of the units for the last 10 years but took the opportunity to buy both, along with a third space, that had stood empty since 2017.

This has enabled the firm that produces a range of sub-contract electronic products and printed circuit boards assemblies to almost double its current work space.

Simon Norris, managing director of Contract Production, said: “The additional empty unit is basically a shell so we are starting with a blank space which gives us plenty of options; it’s a very exciting time for the company and the staff who will have a big say in how we can best utilise the new areas.

“The space may well be used to create a dedicated area for our automated production line to expand into, and grow our component stores and warehousing, as well as provide much-needed admin space and meeting rooms.”

These expansion plans have been spearheaded by a six figure investment last year in the firm’s production lines that have led to a 30% like-for-like increase in the firm’s turnover in the last 12 months.

Norris added: “I am very confident we will continue to grow as we make the most of the extra space and, as a result, add to the current 22-strong workforce we have in Pickering.”

Contract Production manufactures a range of sub-contract electronic products and printed circuit board assemblies for a wide variety of industries. Last year’s investment resulted in the installation of the AM100 Panasonic Pick and Place line enabling the company to increase its output by up to 400%.