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Electroparts Ltd Financial Overview - February 2008 Company Established June 1990
Electroparts provides a skilled, professional sub-contract facility for:
Company Turnover 2005 = 380K GP 59% Net Profit £6.5K 2006 = 602K GP 59% Net Profit £38K 2007 = 664K GP 63% Net Profit £1.5K
Current shareholders are Carol Swallow(MD), Peter Swallow(Chair), and Ian Lonsdale (13%). As part of the growth plan Electroparts has identified key areas for investment: Management system upgrade: Benefits: Target increase in manufacturing productivity of 10%. Release of critical management time that can be deskilled, allowing refocus of key management resource to support growth plans. Capacity Increase: Production cabling capacity is currently almost fully utilized. We have developed a plan to increase workshop capacity by around 40%, coupled with Lean Productivity gains designed to cover requirement up to, and beyond, target turnover levels. The plan involves removing the current PCBA facility, upgrading to meet new professional standards, and relocating to new identified space. The existing PCBA facility will be turned over to cabling giving us 40% more capacity immediately. The new PCBA facility will incorporate high grade manufacturing space, with improved special stock control, inspection and a new rework and repair section to allow the marketing of this new service. Engineering Refurbishment: The company has identified new work that could be attracted if we had improved mechanical assembly facilities, with investment in equipment and workspace to support. We have identified space, which would require complete refurbishment, but which would then enable us to explore completely new opportunities, while streamlining and improving the current delivery and productivity of this section. The company is also targeting growth through acquisition and we are currently actively trawling opportunities both for turnover increase and service/capability growth. |
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