Exports turbo charge record turnover at Dantec

MERSEYSIDE composite hose manufacturer Dantec has reported its best ever year of trading, with turnover hitting £5.6m and pre-tax profits £454,000.

Sales at the Moreton-based company, first established in 1969, are being driven by a ‘thriving’ exports market which now accounts for 70% of all sales, according to managing director John Laidlaw, who led a management buy-out of the firm in 2011.

The company, which employs 48 staff, aims to grow turnover to £6.5m next year and then £7.9m in 2014-15.

 

Mr Laidlaw said: “This has been another strong year for Dantec where we managed to just beat last year’s turnover and have our best year of trading.

“We see ourselves continuing to consolidate our position in the UK where our market position is very strong. However, it is the oil and petrochemical exports market that holds huge potential. Key regions we are actively targeting include Europe, the Middle East, the United States and South East Asia.”

 

Mr Laidlaw, who spearheaded export sales at the firm between 2001 and 2010, said a key weapon in the firm’s exports drive is to build on its network of 48 distributors, 40 of which are worldwide.

 

“We are expecting to make a number of announcements about new deals with distributors shortly,” he said.