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Suffolk based steel firm Steelstock is going for growth-The 20th China (Guangzhou) Int’l Spring Industry Exhibition
11/28/2018 弹簧展- Spring Industry Exhibition-Spring expo |
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Founded in 1961, AJN Steelstock is one of the largest steel stockholding companies in the UK, operating from its two bases, head office in Kentford, Newmaket and also in Somerset. The business provides steel to a wide-ranging customer base spanning across the South of England, the home counties, the Midlands, East Anglia and Wales. The company supplies steel in stock bars and offer a full proposition that involves preparing and processing steel for customers, using a combination of the latest technology and highly skilled operators. This includes painting, saw cutting and shot-blasting. After delivering consistent revenue growth over the last 20 years, AJN Steelstock turned to its long-term banking provider Lloyds Bank to secure the capital needed to drive future growth. In order to meet buoyant demand, the business is also investing in new machinery which will lead to a 10% increase in its workforce within the next 18 months, on top of the 50% increase it has seen over the past three years.
In its last financial year, AJN Steelstock sold almost 165,000 tonnes of steel, achieving sales of GBP 118 million, up GBP 26 million on the previous year. The business is aiming to increase sales to GBP 150 million over the next 18-24 months.
AJN Steelstock supplies a wide range of customers with prepared steel, from contractors with large commercial projects to individual Grand Design home style projects, for architects or builders. Earlier this year the company donated 55 tonnes of steel to the Dale Youth Boxing Club and North Kensington Community Centre as part of the BBC TV special programmes DIY SOS; Grenfell Special.
Courtney Bell, finance director at AJN Steelstock said that “We’ve seen a consistent uplift in demand for our materials and services in recent years, and this investment represents the latest stage of our ambitious growth plan. “We look forward to working with the Lloyds Bank team to accelerate the expansion of the business in the future, as we look to continue to innovate and lead within UK steel stockholding.”
Mr Sinead Johnson, business development director at Lloyds Bank Commercial Banking said that “AJN Steelstock is a significant employer in Suffolk, with ambitious plans to grow its operations even further. Supporting ambitious firms like AJN Steelstock is one of the many ways we’re helping British businesses, ensuring that they have the tailored funding needed to drive growth and prosper.” 弹簧展-2019第二十届广州国际弹簧工业展览会-全球最大弹簧展会-巨浪展览 -The 20th China (Guangzhou) Int’l Spring
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