Engineering group expands with recruitment of new apprentices
A COVENTRY engineering firm has recruited five new apprentices as it looks to sustain its fast growth.
NSL Automotive Components, formerly Coventry Power Steering Specialists, is training the new recruits in readiness to work on electric power steering, which is forecast to overtake the more established hydraulic steering within the next couple of years.
The apprentices are just one of a series of measures implemented by NSL to support its expansion.
Acquired by employee Mick Parsons in August 2013, NSL Automotive Components achieved a £1m turnover in its first year in operation. That figure is set to rise to £1.2m by the end of the second year.
Having outgrown its home in St Agatha’s Road, Coventry, the company recently expanded into a second home on the New Inn Industrial Estate in the city, with a view to expanding operations and recruiting more staff.
The boom is down to changes in power steering which have opened up new opportunities in the reconditioned market. Today the number of cars on the road with electric steering racks stands at less than 50%, but within the next year that proportion is set to rise to three-quarters – a trend which the company expects will boost its business by up to 70%.
