Stock Exchange Praise
December 10, 2013 | Victor Manufacturing Ltd
Laisterdyke firm Victor Manufacturing wins praise from London Stock Exchange
An expanding catering equipment maker has been cited as one of Britain’s most inspiring companies by one of the world’s leading financial institutions.
The London Stock Exchange has named Victor Manufacturing, of Bradford, as one of the country’s fastest growing following an audit of three million small-to-medium sized businesses.
Victor Manufacturing is one of the UK’s top catering equipment manufacturers, designing and producing a range of stainless steel units for hot and chilled food along with bespoke catering serving ranges for schools, care homes, hotels, restaurants, universities, stadiums and hospitals.
Future expansion will be focused on extra land and buildings recently acquired near its Gibson Street base.
Victor has acquired 9,000 sq ft premises along with ample surrounding land for future development.
Managing director Mike Shaddock said the business was on track to boost turnover this financial year to around £6.8 million from £6.2 m illion last year, and achieved its highest ever monthly turnover in August followed by the second highest figure last month.
Victor – which will celebrate its 70th anniversary next year – was selected by the London Stock Exchange as a business which has experienced ‘substantial revenue growth’ in the last four years, in addition to outperforming its rivals in the same sector.
From 2009-10 to 2012-13, Victor increased turnover by 37 per cent, despite the recession. This year the company is forecasting further growth of more than ten per cent.
Victor was also identified following an increase in its workforce which, since 2009-10 has grown by ten per cent, including the recruitment of a team of apprentices, as the company invests in developing its own talent.
Mr Shaddock said: “Our growth is partially as a result of a positive turn-around within the catering industry. However, within the last four years we have internally driven the business to greater and greater success. We have focused on energy efficient designs, building the best quality products available, protecting our technology through patents, developing our staff, and making sure that our premises offer one of the best manufacturing facilities in the industry.”
The business has also invested heavily in plant and machinery, to ensure its equipment remains at the cutting edge of the industry.
The LSE audited also highlighted Victor’s development of innovative new products, most recently its highly energy efficient Optimax refrigerated display range which is the only equipment of its type to be awarded Carbon Trust approval and is considered ‘best in class’ on a global scale.
Mr Shaddock said: “We would like to take this opportunity to thank our customers nation-wide for supporting this British born business. Next year is our 70th anniversary, and we hope that the next 70 years offers us the same success.”