Calibration specialist eyes record turnover
Derby-based calibration firm CoMech Metrology has revealed it has nearly doubled its turnover since its boss succeeded his father in the role two years ago.
CoMech, which provides specialist calibration services from its base on Pride Park, is on track to achieve a company record turnover of £3.6m by the end of its current financial year – £2m more than it notched up in 2019.
The impressive feat coincides with the creation of a new board under managing director Matthew Pallett, who took over the reins from his father Keith in 2020.
The firm has gone from strength to strength under his stewardship, diversifying beyond its specialism in the rail industry to serve the aerospace, general engineering and food and beverage sectors whilst continuing to provide precision calibration services to the likes of Siemens, Alstom, Hitachi and Transport for London.
Now, Pallett has been joined by finance director Ian Ball, technical director Hannah Jones and IT director Ezekiel Taylor as the company looks to push on to ever greater heights.
Pallett, who worked alongside his father at CoMech for more than two decades, said: “Our origins lie firmly with the rail sector, and we continue to value the long relationships we have with some of the biggest names in rail.
“But we recognised that the expertise and proficiency we have developed in our laboratory over the years is also hugely beneficial to many other industries where precision and compliance is essential.
“CoMech’s newly appointed board has been structured to complement our expansion plans and the fast-changing pace of the technology we use. And, with the management team now in place, we are looking forward to continued growth and success, which will also mean more recruitment.”
He added: “It is all the more rewarding that we’ve returned record levels of business during times of a global pandemic and financial uncertainty.”
The company, which employs more than 40 people, moved into its current headquarters in 2021.