Robotics firm doubles turnover in 14 months
Posted on 28 Jul 2019 and read 1084 times
Dewsbury-based Sewtec Automation (www.sewtec.co.uk
) has doubled its turnover to more than £28 million since a management buy-out backed by Leeds-based private-equity firm Endless in 2017.
The company designs and manufactures complex systems for ‘blue chip’ customers in the pharmaceutical, food and beverage and tobacco sectors; more than 85% of its output is destined for export.
Sewtec’s success can be attributed to a number of innovations, including a modular design approach that improves efficiencies, the use of additive-manufacturing processes, and enhanced connectivity of automation machines into its business systems.
The firm’s financial performance is running ahead of expectations; it had previously been aiming for revenues of £32 million by 2023.
Having almost reached that figure in 14 months, it is now seeking to reach a turnover of £50 million within four years.
Its staff levels increased from 79 to 127 in the year to 30 June, with new jobs created in engineering, manufacturing, project management, purchasing and sales; it is now looking to take on 63 more people in the next four years.
Managing director Mark Cook said: “Our new £50 million turnover target is ambitious and will be demanding.
“However, we believe it is realistic, as it provides the focus for us to fully realise Sewtec’s tremendous potential as an increasingly preferred global player in robotics manufacturing.”