Founder and managing director, Chris Rea, commented: “In a time of decline for all of our major competitors, due to the low price of oil and the lack of business in that area, this is a magnificent achievement. I remain convinced that people are the most important ingredient for business success and the results are testament to our employees’ hard work and commitment to customer service.”
Furthermore, the business is on target to beat a target of £160 million sales for 2017.
Mr Rea added: “Part of it has come from the weakness of Sterling, but we have also been helped by the fact that we had a 23-day month as in 2017 Easter falls in April. Nonetheless, March saw another important milestone, in that our group had £100 million of net assets after depreciation, supporting our £160 million-plus 2017 sales target.”
“In my view, investment in our future is a key contributor to our ongoing success. Higher levels of investment in people and infrastructure – like machine tools and information technology – brings sustainability and security.”
Aesseal www.aesseal.co.uk
