A machinery manufacturer has embarked on a £500,000 investment drive on the back of soaring revenue driven by the aerospace and rail sectors.
Wolverhampton-based Georg UK has invested in its machine shop as it plots further growth following a 40 per cent rise in turnover last year.
The company, which was established in 1987, designs, builds and installs special purpose turnkey machinery and has seen particular demand for its aerospace test equipment.
It has been supported by the Business Growth Service’s Manufacturing Advisory Service (MAS) with diversification plans and a new sales and marketing strategy.
Managing director Neil Wyke said: “We are investing now because we can see the opportunity out there in the marketplace.
“We have put money in to improve our electronic systems, hardware, software and new machine shop equipment and we think there are a couple of big years ahead.
“Business Growth Service has been working with us on marketing activity and looking into new business areas and hopefully this will begin to reap rewards.”
Mr Wyke said central to growth plans at Georg UK is expanding and investing further in the electronic controls side of the business to raise its technical capabilities.
The company, which employs 26 people in the region including five apprentices, has a recent history of diversifying after decades specialising in custom-built special purpose equipment and total solutions.
It has developed from its traditional background of steel and aluminium process equipment into its current position as an all round service and special machine supplier to many areas of industry.
Georg UK currently manufactures coil processing equipment and aerospace test equipment, whilst also offering project management services, with engineers on hand to solve a multitude of problems. This joint approach recently led to a large new order from a rail industry giant.
The company also provides 2D and 3D engineering design, installation, servicing and after sales.
Business Growth Manager Jas Bahra added his support: “We have worked with Georg UK for many years now, getting under the skin of its business and identifying where external expertise can help it unlock its potential.
“The most recent support has been around diversification and sales and marketing, all geared towards widening its customer base and penetrating new sectors…nuclear is one example.”
He concluded: “Another element of the Business Growth Service approach is our ability to signpost companies to other areas of advice and guidance. In Neil’s case this involved providing several connections to Universities and links to potential buyers.”
Introducing the Business Growth Service
The Business Growth Service helps businesses with the right level of ambition, capability and capacity to improve and grow. It brings together a broad range of expertise so that businesses can get the right advice and support to fulfill their growth potential.
The service includes support from GrowthAccelerator, the Manufacturing Advisory Service (MAS), design support from the Design Council and Intellectual Property Audits from the Intellectual Property Office.
UKTI (UK Trade and Investment) and UKEF (UK Export Finance) work with the Business Growth Service to provide export support where it is needed and the service is closely linked with Innovate UK and the British Business Bank.