Tool firm nails it with record turnover
TIMco, a major supplier of screws, fixings and power tools accessories, has reported a 20% rise in turnover to £30m in 2016.
The Nantwich, Cheshire firm has also completed a 30,000 sqft warehouse expansion which has been built to hold a further 72,000 pallets to meet customer demand.
In the last year, TIMco has increased its product offering to over 6,000 lines.
Simon Midwood, managing director, said: “We’re proud of our progress and results that take us to the £30m mark for the first time. By introducing a more diverse product range and increasing our stock holding we are able to widen our customer base and service new markets.
“The business is well placed to continue this level of growth and we intend to further extend our ranges and reach in the UK.”
TIMco supplies product lines from around the world to distributors throughout the UK, Ireland and Europe.
The company was established in 1970 and now employs 115 members of staff.