Socket & Allied turns adversity to record growth
21 August 2017
Socket & Allied Screws Ltd has announced a record performance with a 52% increase in revenue for the financial year ending April 2017.
Managing Director Kevin Bradley said: “This is a brilliant achievement in the face of a challenging oil and gas sector, which has historically contributed to a large part of our sales.”
The increase in sales is a result of several initiatives including the purchase of more CNC machines, an increase in staffing levels and a marketing campaign to diversify into new industrial sectors. The next major initiative for the company in 2017 is to achieve the following accreditations; ISO 9001-2015 (quality), ISO 14001 (environmental) and OHSAS 18001 (health & safety). “The major OEMs are increasingly demanding these accreditations as a prerequisite to doing business with them and we are committed to gaining these standards at the earliest opportunity,” remarked Kevin.
The company has also garnered support from Birmingham City Council’s Business Growth Programme, which provides grant funding for businesses throughout the West Midlands. “The Council has played a major part in expediting the growth of the company by providing grant funding towards the purchase of capital equipment and business development through its Green Bridge Supply Chain Programme and Business Development Programme,” commented Kevin.
Socket and Allied manufactures and supplies special socket screws and associated fastener components and has the expertise to deliver a wide and diverse range of machined products using standard and exotic materials.
Producing quality precision formed components to a variety of industry standards, Socket & Allied believes its uncompromising approach to manufacturing, customer service, quality, and delivery, makes it the supplier of choice for manufacturers and distributors.
