Insight

Accu, a UK component supplier, has commenced a recruitment drive to support its ambition to be a GB£20 million turnover company by 2023.

Following a landmark 2020, the business has now set plans in motion to recruit for 25 new roles by the end of 2021. Revenues reached GB£6 million – GB£7 million in 2020 – a 60% increase on the previous year – due to increased innovation within the manufacturing sector during the pandemic.

Founded in 2012, Accu has a digital platform capable of integrating with manufacturers’ internal systems, analysing stock levels, predicting how many parts are required by when, as well as triggering an order and shipping it – with no need for human touchpoints.

The company also aids manufacturers in bringing new innovations to market quickly. During prototype phases, clients lean on Accu’s inventory of 500,000 specialist parts, which can be dispatched the same day, ready to be used by engineers across the world.

Co-founder Martin Ackroyd explains: “History has shown that crises drive innovation and that has certainly been the case during Covid-19. Many manufacturers around the world ‘pivoted’, which led to an exponential increase in innovation. Engineers were able to cut through needless red tape and move much more quickly than they ever had before. More clients were relying on us for prototype components than we had ever known – the service completely skyrocketed. We’re now focusing on reinvesting our profits to improve our service, with new technological releases set for later this year.”