Manufacturing firm targets £5m turnover after record sales month
A BLACK Country engineering company is targeting a £5m annual turnover after smashing its sales record for June.
Sheet metal sub-contractor, Accurate Laser Cutting saw sales exceed £400,000 last month as demand for its services continued.
The Oldbury firm, which specialises in laser cutting and bending metal, currently employs 35 people.
The business was formed by company directors Jon Till and Steve Morgan over a decade ago and has grown steadily since.
“We have come a long way,” said Mr Till. “To find ourselves in the position we are in today is a very proud moment. We now have a fully equipped, 14,200 sq ft premises and a dedicated workforce who have all contributed to our success. For that we are extremely grateful.”
Mr Morgan added: “For the first time in our company history, we have now broken the £400,000 sales barrier in a single month. For a company who deals with small to medium batch work, this is a phenomenal achievement and will only help drive us towards further investment and success.”
Last year, the firm opted to invest £1.6m in improving its manufacturing capabilities and ther move has paid dividends.
The extra capacity created by the new machinery has helped to improve order turnaround time.
A sales and marketing drive has also provided an added boost to profits; the move a consequence of the appointment of sales manager Mitchell Bradley, and latterly, Natalie Poole as marketing administrator.
“With a fresh push on marketing and a continued investment in machinery, people and software, we have seen a 40% increase in enquiries for our services over the past 12 months. This is fantastic news for the business as we are now seeing our turnover increase month by month,” said Mr Bradley.
A recent investment in bespoke quoting software SigmaNEST is also expected to benefit sales growth.
Further investments planned for 2016 include the purchase of a second fibre laser which will increase production capacity and offer reduced lead times for the firm’s customers.