Sheffield-based Anchor Magnets, which supplies a range of magnetic materials to customers that include Bentley, Aston Martin and Audi — plus High Street retailers such as Tesco and Morrisons — has installed a new ERP system.

Managing director Warren Turner says: “We have seen healthy growth across the business, and this has created a need for targeted capital investment.

“Crucially, we needed to be better placed to react to customer needs and increased demand. We had to create greater capacity so that we can plan for — and manage — further growth. In less than 12 months, we have tripled our capacity for the conversion and cutting of magnetic sheet, and we have significantly increased our laminating facilities.

“Since Anchor Magnets was formed in 1984, we have consistently grown and adapted to meet a highly diverse range of customer requirements. This pace of change has forced the need to streamline our entire sales, manufacturing, purchasing and finance systems through an integrated ERP system, which was a £150,000 investment on its own.

“The investment will continue, with about £25,000 earmarked for new machinery in our extrusion department, and we are currently looking at ways to reconfigure some of our manufacturing facilities.”