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UltraSteel Maker Enters Top Track 250

Last updated: Monday, October 23, 2017 - Save & Share

A Midlands steel manufacturer that boasts perimeter systems among its portfolio has entered a league table for mid-market growth companies for the first time.

Hadley Group has entered The Grant Thornton Top Track 250 for the first time at number 225 after growing turnover to £127.7 million, with profits rising 22% to £11.3 million.

The Midlands-based manufacturer produces a diverse product portfolio based on its internationally-patented UltraSTEEL process.

Group chairman and MD Stewart Towe said: “Our inclusion in the Grant Thornton Top Track 250 recognises our strong growth over the past year, with sales up by 16% from £109 million.”

The Sunday Times special supplement mentioned that the group not only supplies construction clients in the UK, Europe, the Middle East, and from its facility in Thailand, but is also working with world renowned motor manufacturers: including Jaguar Land Rover and Porsche to engineer new applications for its technology.

Towe continued: “From our perspective, this strong growth in turnover has been created by our successful partnerships with our broad customer base: developing the new generation of products: offering improved strength and lightness – therefore making them more effective by design than rival products in the marketplace.

“We intend to continue this momentum by growing sales to around £150 million next year, with the aspiration of turnover hitting £200 million by 2020. We will do this by both nurturing existing partnerships and establishing new ones: to not only strengthen our UK business, but also grow our global footprint.

“This organic expansion will also include our continued development and release of new intellectual property, for the benefit of our clients in their specific, even bespoke marketplaces. It is important, though, that this trajectory is about controlled, balanced growth – within our capabilities – we will not be outgrowing them.”

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