LCM are delighted to report a 33% increase in sales in 2013. This growth has come from both national and international markets, and has been achieved primarily through maintaining close relationships with key customers and having the ability to supply innovative solutions to complex and challenging load measurement problems.
In line with this increase in turnover, the number of employees has also risen by over 50% in just the last six months, and in the last eighteen months our office and factory space by a substantial 150%. This investment in both personnel and infrastructure will enable us to cope with the increase in demand for our products and also meet projected future growth demands.
Additional staff have been recruited in all areas of the business, from strain gauge technicians to sales staff. A new management structure has been established to take the company forward; this includes the employment of a Production Manager with over 35 years experience in the load cell industry, 20 of which were spent managing production departments, and a Sales & Marketing Manager with 10 years' experience of marketing load cell products to many different industries worldwide.
Another recent appointment to the engineering department has been a Load Cell Engineer, who has 7 year design experience in the marine and renewables industry, and expertise in the latest 3D design/modelling/FEA software. This has enabled the company to produce smarter designs with more detail so that the designs can now be easily incorporated into customers' larger system designs and specified at the early stages of projects.
Steve Sargeant, Managing Director, said "We are very fortunate to operate in a diverse range of markets, which has enabled us to sustain well above normal levels of expansion throughout a long period of global recession and in continuing tough economic conditions. Because we have invested heavily in all areas of the business, we now have the skills and flexibility to adapt our product range to produce pioneering and industry leading product innovations, which has strengthened the company's position in a specialist but very competitive market. We also now have in place a management structure that can support the future development of the business and look forward to an equally successful 2014"