Medical refrigeration business expands after biggest contract win
Medical refrigeration expert, CoolMed, has relocated its Manchester premises to allow for further expansion amid growing demand for medical refrigerators.
The move will see CoolMed remain in Manchester but relocate from its existing site on Trafford Park to a much larger facility there.
The new premises are three times bigger than the previous site and will provide CoolMed with much more space to accommodate its growing stock levels and develop its future expansion plans, following its biggest contract win recently.
The facility will also offer CoolMed a central and accessible base, allowing it to supply all corners of the British mainland and Northern Ireland with medical refrigeration.
Managing director, Stephen Johnson, said: “CoolMed only started trading in 2017, so we’re thrilled to be able to scale-up so quickly.
“The demand for medical refrigeration has never been higher, so we needed to relocate our headquarters to allow us to keep up with that demand.
“Our new headquarters in Trafford Park will allow us to accommodate the large orders that we’re seeing and expand our product range even further.”
Originally founded in the early 2000s, CoolMed has grown year-on-year under several different brand names. The CoolMed brand was launched in 2017 to bring high quality, hi tech refrigeration products to the medical industry at cost effective prices.
Since 2017 CoolMed has seen demand for its products increase exponentially.
In the past three months alone CoolMed has supplied more than 1,900 medical refrigerators to businesses throughout the UK and seen turnover reach £1.3m.
The company is currently on track to achieve £2.5m turnover in 2021.
Due to the recent COVID-19 pandemic, medical-grade refrigerators have been more in demand than ever, and the subsequent vaccine roll-out recently led to one of CoolMed’s biggest contract wins to date. It is now Lloyds Pharmacy and Lloyds Pharmacy Clinical Homecare’s exclusive supplier of medical-grade refrigerators and will be for the next three years.
