Despite Covid disruption, which halted production for a month during the first lockdown, Siddall and Hilton Products delivered a strong financial performance with turnover only dropping slightly for the year ending 31 March 2021.

In the first full financial year since its management buyout (MBO) in 2019, the company has reported turnover of £17.3m compared with £18.2m the previous year – a fall of under 5%. The company estimates that the impact of the pandemic accounted for around £2.5m in lost revenue.

“Continued investment in equipment and process improvements through the pandemic helped the company to consolidate and build upon production efficiency gains and process scrap reductions achieved in the prior year, resulting in a significant uplift in pre-tax profits which rose by 64.7% from £1.4m to £2.3m.”

The company has also grown its workforce by almost 25% since January, with more currently being sought.

Chief executive Ian Thurley said: “Last year was another busy time for us, which, despite the challenges of the pandemic, saw the business continue to put in a sound financial performance as we further improved operating efficiencies.”

“We have also worked hard to ensure our loyal workforce shares in our success by bolstering employee engagement and implementing new training initiatives.”

“We are tremendously proud of the major investment we have made in a fifth state-of-the-art welding machine which will again increase productivity and is a key step as we move towards our ambitious target of becoming a world class mesh manufacturer. It is a real privilege to be at the helm during this exciting time.”

Ian Thurley added: “I want to ensure that the business is transformed so that it can look forward to another 125 years of providing secure and rewarding employment.”

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