MIRA on the right track after reporting record growth figures
MIRA – the advanced engineering, research and test consultancy near Nuneaton – has announced a record year of growth, with the company reaching an annual turnover of £45.7m.
The newly-released 2013 financial results also show a 46% increase in turnover at MIRA Technology Park.
The figures also reveal the surplus at MIRA has reached a record £6m, due to a combination of underlying operating efficiency and one-off tax credits.
Having set an ambitious growth strategy in 2010 – which included growing its core engineering and testing business through diversification, expanding overseas operations and developing the MIRA Technology Park – MIRA has grown year-on-year.
During 2013, its international order intake exceeded 22% for the first time in the company’s history, which was largely buoyed by the increasing success of its engineering operations in China, Korea and Brazil.
MIRA’s overseas footprint remains a key focus in the coming years, with target markets of Japan, Turkey and Germany.
Dr George Gillespie, CEO at MIRA, said: “Our long-term vision for MIRA is that one day every journey in the world will be positively influenced by MIRA and in 2013 we made significant headway in this by capitalising on the efforts of the previous three years.
“Along with our growing international offer, MIRA Technology Park has continued to grow at a significant rate in terms of physical infrastructure and long-term tenants, resulting in an increased turnover of 46%. Just this week we announced a brand new 27,500 sq ft. building at MIRA Technology Park, which will house a number of tier one and global vehicle manufacturers, bringing up to 100 new jobs to the site.”
Since 2010, MIRA Technology Park has created a total of 250 technology-related jobs as a result of the development, with a further 170 to be created by the end of 2014.
The aim is to create up to 2,000 jobs in the Technology Park by 2020 and eventually house businesses from across the automotive, aerospace, rail, defence and associated digital technology sectors.
