The ongoing evolution of Cullum
Based in Heanor, Derbyshire since the 1970s, Cullum has a strong history of delivering bespoke engineered solutions to the Aerospace and Energy market. But having been hit hard during Covid, it was clear a change in approach was needed.
Fast forward four years, the business has trebled in size via a mixture of acquisition and ventures in the United States, with Group revenues expected to be around £26m by the end of March this year.
Key to this revenue growth is the execution of large-scale ‘high end’ engineering infrastructure works across the UK, including Net-Zero innovation works within the carbon capture and hydrogen sphere, along with construction of a state-of-the-art Wind Tunnel for automotive. The business also acquired EMS Industries in late 2021, a company that provides pumps and grit removal solutions to the Water and Energy from Waste sectors.
Mark Jansen, group managing director, said “The business recognised the need to change – to diversify away from commoditised sectors, and to add ‘higher volume, lower risk’ revenue streams to its portfolio.
The Group today includes 150 people over four sites around the world – serving customers within Aerospace, Automotive, Nuclear, Water and Gas Compression markets. Our stable shareholder structure provided the space and time to allow the business to make these significant shifts; supporting the team to deliver the sizeable growth identified within our five-year plan. This change has also been supported by our staff, who continue to steer the business in these new and exciting directions.”
Firm plans remain to acquire two further ‘going concern’ businesses in the next 12 months, with the Group expected to grow by a further 20% in its next financial year. Cullum are also keen to consider businesses in distress and will be holding a roundtable comprised of subject matter experts at the end of January to better position themselves for future opportunity.
