Name:The Premier Group Industry/sector: Manufacturing and engineering Date founded: 1992 The boss: Wayne Woolford Location: West Midlands Latest turnover: ?14.6m Three-year compound growth rate (%): 38.61 Latest EBITDA: ?2.8m
The company, which was established in 1992 with the founding of Premier Sheet Metal, has become a market leader of bespoke metallic prototype parts, assemblies and solutions for an enviable roll call of bluechip clients spanning the international automotive, aeronautical, rail and defence industries. ?When the recession hit, I doubted we would even be here today,? admitted founder Denis Meagher. ?It was a truly horrific time for the company ? we lost five contracts in two weeks and everything just seemed to stop. Now I have a really strong feeling of pride and excitement about the future.? The Olympic Torch contract served to highlight the manufacturing skills available in the Midlands, and more importantly those in Coventry at The Premier Group. It enabled the company to expand and invest in the latest technology, which in turn helped attract more high-profile customers. The business has since expanded into a plant in Walsgrave, creating an additional 50 jobs and investing more than ?500,000 in laser equipment. And bosses say there is still more to come. The company aims to create up to 100 new jobs within the next two years and aims to invest between ?4m and ?6m in growing the company even further ? with the possibility of a third base in the Midlands. ?These are great times for the business,? Meagher said. ?We have been through the recession and survived and now it is time to build the business up and expand. The Premier Group is in a fantastic position right now and I think there is a strong possibility that we can make a major investment in the business. The banks are being more supportive and the company has a very good reputation.? The company is also of the belief that it has a responsibility to contribute to the local community by offering a range of apprenticeships. Some 22 apprentices are currently enrolled on The Premier Group’s apprenticeship programme.
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
