Bolton firm is a cut above its rivals

A BOLTON company which specialises in precision cutting of composite materials is on course for record turnover.

Bindatex revenue has jumped from £65,000 in 2013 to £215,000 last year. The business expects turnover to increase a further 53% to £330,000 this year.

Bindatex, which was established in 2004, is the only independent company in Europe providing high tolerance material cutting services to the composites sector, and is due to relocate to new, larger premises this year to support its current productivity and facilitate future expansion.

Managing director Chris Lever said: “The company has experienced tremendous year-on-year growth in the last three years.

“With more and more orders being made, and our move to a bigger site on the horizon, we expect to increase turnover to above £1m in the next couple of years.”

The company started out as a supplier of pre-cut textiles and papers to the bookbinding trade.

However, due to customer demand in emerging markets, Bindatex capitalised on its ownership of specialist cutting machinery which could process materials into various shapes and sizes, and that led to new opportunities for the business.

Lever added: “Through innovation and technology, we have been able to expand our offering significantly over the past few years. We will continue to invest in the development of our services, which will in turn see the business grow – both in size and financially.

“In just a short period of time, we’ve become a leading supplier to the aerospace, automotive and nuclear industries, and I’m excited to see where the next three years will take us.”