Birmingham-based manufacturer and supplier, Thermoseal Group, has been ranked 96th in the Sunday Times’ league of fast-growing businesses. The 12th annual Sunday Times HSBC International Track 200 league table was published on Sunday 21 February. The table ranks Britain’s mid-market private companies with the fastest growing international sales over the past two years. For achieving a 41% increase in international supply, Thermoseal was listed among companies including The Entertainer toy brand, modular building manufacturer Thurston Group and the craft beer company BrewDog.
“We are delighted to reach number 96 in a league with some of the UK’s best-performing businesses,” said Gwain Paterson, Thermoseal Group’s managing director. “We are extremely pleased with our export successes to date, particularly in Asia, where our sales have increased by 174% in the past year.
“Despite the uncertainty in the UK market and fears associated with Brexit, we have invested significant funds into purchasing a new building. This site has now become our Centre for Innovation and Manufacturing. It has two new laboratories and additional test rooms to give our technical team everything they need to develop new ,energy efficient products whilst maintaining the highest quality standards and enhancing our current product portfolio.
“Another vital use of this building has been to house our increased stockholding to help ensure continuity of supply to the UK and export markets to counter supply issues caused by Covid-19 and, of course, Brexit. Where possible, we have also dual sourced products, to counter any delay in sourcing materials that are vital for production.
“Moving into 2021, we have all accepted that we will have to live with the constraints of the Covid-19 virus. But on the basis that we have a list of customers waiting for our production capacity to be increased, we are planning to continue to invest, broaden our product range and grow our warm edge capacity. We have new machinery currently being installed, and further equipment on order, to increase our capacity further throughout this year. This includes both production of warm edge spacers and an expansion of our ever-growing injection moulding division which currently produces many millions of fittings per year.
“I’d like to take this opportunity to thank all of our staff for their continued hard work and commitment and thanks to our customers for their continued support.”
