South of England based spring manufacturer, Southern Springs and Pressings Ltd (SSP), has posted a record 52% increase in export sales in their 2017/18 accounts.
The increase in exports contributed to the company’s increase in turnover of 35% in 2017/18, with pre-tax profits also up by 80%.
Having secured more press work throughout the last 12 months, the business has continued to re-invest with a new tool design and production office. The new office will allow the team to design components using the latest CAD tool design technology which will also link directly through to the EDM and machining centre. A new air conditioning system has also been installed throughout the building.
SSP also celebrated 70 successful years of trading having opened their doors for the first time in April 1948. With the continued demand for press work, SSP purchased a further two CNC Power Presses in order to increase capacity and are planning on increasing the work space and machines in this area over the next year. There are also plans to purchase new ovens and de-burring machines.
Tim Page, Managing Director said “We’ve had another fantastic 12 months which has seen a huge increase in demand for our press work. We will continue to invest in the business with more a modern working environment and the purchase of new machines”.
Visit www.southernspringsandpressings.co.uk to find out more.