Cotswold Life EMI Awards 2017: SME Manufacturer of the Year
PUBLISHED: 12:34 03 October 2017 | UPDATED: 11:50 03 November 2017
We reveal the winner of this year's SME Manufacturer of the Year, sponsored by Bruton Knowles
Last night, on November 2, we celebrated the region’s best innovative engineering and manufacturing companies at the third annual Cotswold Life Engineering Manufacturing Innovation Awards.
The glittering ceremony held at Cheltenham Racecourse celebrated the incredible achievements made by companies who really do put the Cotswolds on the map, drive the region’s economy and keep the area at the top of the tree when it comes to entrepreneurship and business success.
Thanks to both the nominations of the public and our well-respected judges, we have picked a winner worthy of the award for SME Manufacturer of the Year, sponsored by Bruton Knowles.
This year’s finalists are:
Finnick Group, Cheltenham
This print, graphic design and web design company incorporates Typecraft, Finnick Solutions, Finnick Creative and Tigerfish.
Typecraft has been at the forefront of the print industry for 25 years, building relationships with the likes of Superdry, Bovis Homes, The Jockey Club and Cheltenham College.
Finnick Solutions is Epson’s Gold Business Imaging Partner for the South West.
And the creative arm has been working together to offer social media management as well as graphic and web design.
Continually adapting to offer clients whole business solutions, it continues to extend its offering. Turnover has increased by half and net profit by almost 80% in recent years.
Prima Dental, Gloucester
Prima Dental is the world’s fastest-growing carbide bur - dental drill - manufacturer in the world and exports to 90 countries. 88% of its £15.6m turnover is generated from export and turnover is expected to grow to £20m next year.
A record 30% sales increase over the past 12 months is thanks to growing market share in the USA, Europe, Asia, South America and the Middle East.
It made history when it launched a wholly-owned subsidiary in India in 2014 and also owns joint venture companies in Brazil and China. To fuel its export growth it has employed one of Europe’s leading tooling experts, Dr Marilyn Goh, as head of Research and Innovation.
SST Technology, Witney
SST makes cutting-edge exhausts, pipework, engineered fabrications and thermal management solutions for the motorsport industry.
10% of the 90-strong workforce are apprentices and in the past four years, turnover has increased from £3m to £7.5m, with plans to increase that to £30m by 2025.
Due to ever-changing customer demands, the company has been busy future-proofing the business with a site relocation and refurbishment requiring a £1m investment.
And the winner is...
Future Advanced Manufacture, Cheltenham
In 2015, Future realigned its business to diversify revenue streams and balance the volatility in the oil and gas sector.
Historically it made up 50% of Future’s revenue and this switch in focus helped it focus on other opportunities in areas like aerospace. This has continued to grow significantly and this year saw a new £2m Aerospace Production Facility opened. It’s already running at full capacity serving major long-term aerospace production contracts. These changes mean Future is on track to achieve a record £10m turnover this year.
Staff retention runs at 95% and the highly-skilled workforce will grow from 75 to 90 by the end of the year.
To find out more about the Cotswold Life EMI Awards 2017 and our sponsors, visit emiawards.cotswoldlife.co.uk/2017-finalists/.
Were you at the awards? Tweet us your pictures @cotsbusiness #CotswoldEMI
Click here to return to the full list of the finalists and winners.