| Company Overview |
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Company Established June 1990
Background Established as new business in 1990, as a partnership. The business was built from scratch by cold calling local companies. Current shareholders are Carol Swallow, Peter Swallow and Ian Lonsdale (13%). The business ran up to 2006 with 2 key people; Carol Swallow MD and Dominic Hancock Sales Director. In 2006 a decision was made, in response to growing turnover, to institute an business plan for growth, including a full professional management team with additional key support staff. 2006 and 2007 were spent recruiting, developing and consolidating the new teams. 2007 saw a complete overhaul of the Sales Team, with support from a MAS project, to introduce a new management and growth plan, with targets and rewards to encourage excellence. Lean Manufacturing projects have been introduced from mid 2007 and a new overall company strategy developed, along with team and individual targets and reward packages, again to encourage excellence. In 2006 the company had targeted high-end technical services as a key area for future development and invested in the required support structure to enable delivery. In-house training to IPC 620 standard was introduced at end of 2006 and key staff identified to roll out. A target 2-year period was established to develop capability. Electroparts began to attract new business in this sector within 6 months and growth has been very encouraging, out-performing our expectations. As a support to mainstream activities, and specifically for one key customer, engineering services were added in 2006 with a new Engineering Manager and defined development plan. Engineering services and support have played a major role in expanding the offered services, and improving the control and delivery of quality product on site. The development of a professional management structure, and the integration of Lean Principles have been key to company growth plans. The company took the view that growth was not possible without a new structure, and that significant growth would be required in order to sustain the new structure. A target of £1M turnover has been identified to support the new structure, and to take the company to a new level. This target to be achieved within the existing company structure. The challenge was, and is, to integrate and sustain high performance principles and methods throughout the company, and to put in place critical investment, in order to sustain both a professional structure, and to ensure the long-term future of the company. The company is well on target to institute and see the benefits of a well defined and powerful strategy. |
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